U.S. Senate Confirms Former Blockchain Industry Executive Jonathan Gould as OCC Director
The U.S. Senate has confirmed former Bitfury Chief Legal Officer Jonathan Gould as Director of the Office of the Comptroller of the Currency (OCC) by a vote of 50 to 45. The nomination will be submitted to President Trump for final approval. Gould previously served as Chief Counsel and Deputy Comptroller at the OCC. This year, the OCC has taken more crypto-friendly measures, including allowing U.S. banks to hold crypto assets on their own balance sheets. Meanwhile, the House of Representatives is accelerating stablecoin legislation and will hold a "Crypto Week" next week to review the GENIUS Act, which requires stablecoins to be fully collateralized by highly liquid assets such as the U.S. dollar and requires annual audits of issuers with a market cap of over $50.00 billion. [Odaily Planet Daily]
U.S. Senate Confirms Former Blockchain Industry Executive Jonathan Gould as OCC Director
The U.S. Senate has confirmed former Bitfury Chief Legal Officer Jonathan Gould as Director of the Office of the Comptroller of the Currency (OCC) by a vote of 50 to 45. The nomination will be submitted to President Trump for final approval. Gould previously served as Chief Counsel and Deputy Comptroller at the OCC. This year, the OCC has taken more crypto-friendly measures, including allowing U.S. banks to hold crypto assets on their own balance sheets. Meanwhile, the House of Representatives is accelerating stablecoin legislation and will hold a "Crypto Week" next week to review the GENIUS Act, which requires stablecoins to be fully collateralized by highly liquid assets such as the U.S. dollar and requires annual audits of issuers with a market cap of over $50.00 billion. [Odaily Planet Daily]
