Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

Dutch crypto firm Amdax raises $35m to buy Bitcoin

October 7, 2025

Why did BTC reach a new all-time high?

October 7, 2025

Solana ETF vs. Ether: Can SOL Outperform ETH?

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Trump Has Made His Major Decisions on His U.S. Crypto Regulation Team, Now Also OCC

February 12, 2025Updated:February 12, 2025No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Trump Has Made His Major Decisions on His U.S. Crypto Regulation Team, Now Also OCC
Share
Facebook Twitter LinkedIn Pinterest Email
ad



Trump Has Made His Major Decisions on His U.S. Crypto Regulation Team, Now Also OCC

President Donald Trump is nearly accomplished naming the important thing figures he is looking for to get into monetary regulation posts that may direct the long run oversight of the crypto business, now together with lawyer Jonathan Gould as a nominee to run the Workplace of the Comptroller of the Forex that oversees U.S. nationwide banks.

With a broadly circulated White Home nominations doc exhibiting Trump has settled on Gould, a associate at regulation agency Jones Day who was a high lawyer on the OCC and a former crypto government, and the president will reportedly nominate the Federal Deposit Insurance coverage Corp.’s Jonathan McKernan to run the Client Monetary Safety Bureau, the slate is sort of clear.

Gould had briefly labored because the chief authorized officer for blockchain expertise firm Bitfury after he left the OCC as senior deputy comptroller and chief counsel throughout the first Trump administration. At Bitfury, he labored for CEO Brian Brooks, who Trump had as soon as put in on the OCC as an performing comptroller and in addition tried to make it everlasting. On the OCC, Brooks labored to open U.S. banking for crypto companies, and he elevated Anchorage Digital as the primary and solely crypto financial institution chartered by the company. Now the business will discover out if Gould will comply with in these footsteps.

“For crypto, we imagine Gould may search to revive the idea of a limited-purpose nationwide financial institution constitution,” mentioned Jaret Seiberg, a coverage analyst at TD Cowen, in a notice to purchasers on Wednesday. “That might result in banks focusing on crypto. We additionally imagine he would allow banks to get extra concerned with crypto together with stablecoins.”

Rodney Hood, a former Republican chief of the Nationwide Credit score Union Affiliation, had been positioned as Trump’s momentary comptroller and would get replaced by Gould if he wins his Senate affirmation. Momentary Republican replacements like Hood at the moment are main many of the monetary regulators, together with banking businesses, the FDIC and OCC; the pair of markets regulators, the Securities and Change Fee and the Commodity Futures Buying and selling Fee; and the buyer watchdog CFPB.

On the CFPB, the Trump administration’s effort to intestine the regulator with the project of his price range director, Russ Vought, as its interim chief has drawn vigorous protests from congressional Democrats. Now he is introduced the title he needs to finally exchange Vought there: McKernan, a Republican member of the FDIC. McKernan had served as a staffer for former Senator Pat Toomey, a Republican who had led an early (failed) cost to get stablecoins regulated within the U.S.

Ian Katz, a veteran financial-regulation analyst in Washington, famous the “standard” decide of Gould for the OCC and the opposite latest decisions for everlasting chiefs of the Commodity Futures Buying and selling Fee and the Client Monetary Safety Bureau that in all probability will not ruffle feathers among the many U.S. senators that may consider their nominations. The comparatively sedate decisions appear to hew intently to Trump’s mannequin for monetary regulators throughout his first time period: No dramatic surprises.

In contrast to a few of Trump’s personnel choices in his cupboard and different businesses, the alternatives are skilled and are absent political firebrands, together with the decide of longtime securities marketing consultant and former Commissioner Paul Atkins to run the Securities and Change Fee. Just about the entire names — momentary and people nominated for everlasting roles — have crypto backgrounds or have demonstrated help.

The Senate should nonetheless verify all of those nominees, and that course of typically takes months into an incoming president’s first yr. Typically the confirmations fail fully, and businesses are left with completely performing heads, just like the OCC was throughout the Biden administration.

In the meantime, Trump additionally picked former Commissioner Brian Quintenz to run the CFTC, the place sitting Commissioner Caroline Pham has been holding down the fort and making main company modifications as performing chairman. To date, Pham and different performing company heads have already begun work to overtake Biden-era crypto coverage.

Quintenz mentioned in a publish on social-media website X on Wednesday that the CFTC shall be “nicely poised to make sure the USA leads the world in blockchain expertise and innovation.”

UPDATE (February 12, 2025, 17:26 UTC): Provides remark from Quintenz on CFTC nomination.





Source link

ad
Crypto Decisions Major OCC regulation team Trump U.S
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

Dutch crypto firm Amdax raises $35m to buy Bitcoin

October 7, 2025

Why did BTC reach a new all-time high?

October 7, 2025

Solana ETF vs. Ether: Can SOL Outperform ETH?

October 7, 2025

Grayscale’s Ethereum ETFs And Solana Fund Introduce Staking Features Today – Key Details

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
Dutch crypto firm Amdax raises $35m to buy Bitcoin
October 7, 2025
Why did BTC reach a new all-time high?
October 7, 2025
Solana ETF vs. Ether: Can SOL Outperform ETH?
October 7, 2025
Grayscale’s Ethereum ETFs And Solana Fund Introduce Staking Features Today – Key Details
October 7, 2025
Ethereum Fusaka Upgrade Set To Redefine ETH Performance — Here’s What to Expect
October 7, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.