{"id":21133,"date":"2025-02-13T14:44:07","date_gmt":"2025-02-13T12:44:07","guid":{"rendered":"https:\/\/forklog.com\/en\/donald-trump-recommends-former-bitfury-lawyer-for-occ-leadership\/"},"modified":"2025-02-13T14:44:07","modified_gmt":"2025-02-13T12:44:07","slug":"donald-trump-recommends-former-bitfury-lawyer-for-occ-leadership","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/donald-trump-recommends-former-bitfury-lawyer-for-occ-leadership\/","title":{"rendered":"Donald Trump Recommends Former Bitfury Lawyer for OCC Leadership"},"content":{"rendered":"<p>U.S. President Donald Trump has nominated Jonathan Gould to head the <span data-descr=\"Office of the Comptroller of the Currency within the U.S. Treasury Department\" class=\"old_tooltip\">OCC<\/span> at the U.S. Treasury. Previously, he served as the chief counsel of the agency and <span data-descr=\"chief legal officer\" class=\"old_tooltip\">CLO<\/span> at Bitfury, reports <a href=\"https:\/\/www.theblock.co\/post\/340494\/trump-picks-former-bitfury-exec-jonathan-gould-to-lead-the-occ-signaling-ongoing-shift-to-crypto-friendly-regulators\">The Block<\/a>.<\/p>\n<p>According to Ron Hammond of the Blockchain Association, if confirmed, this appointment could simplify the creation of a regulatory framework for cryptocurrencies.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;His experience ensures that the OCC will have every opportunity for constructive engagement with Congress as it begins to consider the <a href=\"https:\/\/forklog.com\/en\/news\/us-senate-receives-revised-stablecoin-bill\">Stablecoin Payments Act<\/a> and the Financial Innovation and Technology Act,&#8221; <em>\u2014<\/em> said Hammond.<\/p>\n<\/blockquote>\n<p>In this regard, Gould might follow the path of Brian Brooks, who allowed institutions to provide cryptocurrency custody services, hold stablecoin reserves, and issue them, Hammond believes.<\/p>\n<p>Brooks&#8217; successor, Michael Hsu, has taken a less crypto-friendly stance.<\/p>\n<p>The OCC regulates and supervises the activities of banks and savings associations at the federal level.<\/p>\n<p>According to <a href=\"https:\/\/www.wsj.com\/finance\/regulation\/trump-advisers-eye-bank-regulator-consolidation-after-targeting-cfpb-85055a2e\">WSJ<\/a>, Trump plans to merge the <span data-descr=\"Federal Deposit Insurance Corporation\" class=\"old_tooltip\">FDIC<\/span> with the OCC. At the <span data-descr=\"Consumer Financial Protection Bureau within the U.S. Treasury Department\" class=\"old_tooltip\">CFPB<\/span>, acting agency head Russell Vought has ordered a halt to all enforcement actions.<\/p>\n<p>According to the publication, the U.S. President has nominated Jonathan McKernan to head the latter agency. Previously, he was an advisor to former Senator Pat Toomey and a senior policy advisor at the Treasury.<\/p>\n<p>In June 2024, Coinbase <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-sues-sec-and-fdic-over-lack-of-transparency\">filed<\/a> a lawsuit against the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> and FDIC over their attempts to &#8220;cut off&#8221; the crypto industry from the banking sector. In January, lawyers from History Associates <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-accuses-fdic-of-concealing-pause-letters\">claimed<\/a> that the latter regulator concealed requested documents.<\/p>\n<p>Earlier, Wyoming Senator Cynthia Lummis threatened the FDIC with <a href=\"https:\/\/forklog.com\/en\/news\/cynthia-lummis-accuses-fdic-of-hiding-crypto-oversight-documents\">criminal charges<\/a> if the agency indeed destroyed data related to crypto oversight.<\/p>\n<p>In December, Trump officially <a href=\"https:\/\/forklog.com\/en\/news\/trump-nominates-paul-atkins-as-sec-chair\">nominated<\/a> Paul Atkins as chairman of the SEC, noting his expertise in digital assets.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. President Donald Trump has nominated Jonathan Gould to head the OCC at the U.S. Treasury. Previously, he served as the chief counsel of the agency and CLO at Bitfury, reports The Block. According to Ron Hammond of the Blockchain Association, if confirmed, this appointment could simplify the creation of a regulatory framework for cryptocurrencies. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,36,26],"class_list":["post-21133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=21133"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21132"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}