Jonathan Gould, a former blockchain govt with a deep regulatory background, has been confirmed as the following head of the Workplace of the Comptroller of the Foreign money (OCC).
The US Senate voted 50 to 45 on Thursday to approve his nomination, clearing the way in which for Gould to turn into the OCC’s first everlasting chief since 2020.
Gould beforehand served as Bitfury’s chief authorized officer and held senior roles on the OCC in the course of the earlier Trump administration. His return marks a notable shift for the federal banking regulator, which oversees nationwide banks and financial savings associations and performs a key position in setting monetary coverage, together with on rising applied sciences.
Gould’s Affirmation Units Tone for Upcoming Coverage Battles
His affirmation follows months of debate in Washington over regulate digital property, particularly stablecoins. The Senate’s approval comes simply forward of “Crypto Week” within the Home, the place lawmakers are set to contemplate the GENIUS Act. The invoice goals to set strict tips for stablecoin issuers, together with full greenback backing and necessary annual audits for these with massive market caps.
Jonathan Gould has simply been confirmed as Comptroller of the @USOCC.
Jonathan will proceed the essential work began by Appearing Comptroller Hood to return the OCC to its true function of chartering and supervising banks to make sure a secure and sound banking system. https://t.co/PnqcBbakgJ— U.S. Senate Banking Committee GOP (@BankingGOP) July 10, 2025
Whilst Gould steps in, political tensions stay. Earlier Thursday, Senator Cynthia Lummis, a longtime crypto supporter, initially voted in opposition to his nomination, citing issues over federal preemption of state banking legal guidelines and stablecoin guidelines. Nonetheless, she in the end voted in favor in the course of the last rely.
Banking Business Welcomes Gould as OCC Strikes to Modernize Crypto Oversight
The OCC has already taken a extra crypto-friendly stance this yr. It clarified that US banks are allowed to purchase and promote crypto property for themselves. Moreover, the company up to date its inside steering by eradicating references to “repute danger.” Nonetheless, it famous that banks should nonetheless handle all associated dangers responsibly.
In an announcement, Senate Banking Committee Republicans stated Gould will proceed efforts to refocus the OCC. His mandate, they added, is to return the company to its core mission of financial institution supervision and monetary soundness.
The American Bankers Affiliation additionally welcomed his appointment. It additionally known as for a regulatory framework that helps nationwide financial institution preemption and a resilient monetary system.
Gould will change Appearing Comptroller Rodney Hood. He’s anticipated to assist form how US banking coverage intersects with the fast-evolving crypto sector. Furthermore, his appointment provides momentum to the broader push for clearer regulation as digital property acquire extra mainstream monetary traction.
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