In a pivotal move for the cryptocurrency industry, the U.S. Senate confirmed Jonathan Gould as the Comptroller of the Currency on July 10, 2025, with a 50-45 vote. Gould’s appointment marks a significant shift in the regulatory landscape, especially concerning digital assets. (cointelegraph.com)
Background and Professional Journey
Gould’s career uniquely positions him to navigate the evolving intersection of traditional banking and digital assets. Before his confirmation, he served as the chief legal officer at Bitfury, a prominent blockchain infrastructure company. Prior to that, Gould was the senior deputy comptroller and chief counsel at the OCC from 2018 to 2021. (americanbanker.com)
Implications for the Cryptocurrency Industry
Gould’s leadership is anticipated to usher in a more accommodating regulatory environment for digital assets. During his confirmation hearing, he emphasized the importance of banks not discriminating against customers based on their engagement in lawful activities, including those related to digital assets. (americanbanker.com)
Investor Identification, Introduction, and negotiation.
Regulatory Developments Under Gould’s Leadership
Under Gould’s guidance, the OCC is expected to continue its progressive stance on digital assets. The agency has already clarified that U.S. banks can provide cryptocurrency custody services, recognizing it as a modern form of traditional bank custody activities. (pymnts.com)
Industry Reactions and Future Outlook
Industry leaders have expressed optimism about Gould’s appointment. Kristin Smith, CEO of the Blockchain Association, stated that Gould is an excellent choice for Comptroller of the Currency, given his tenure in the crypto industry. (cointelegraph.com)
As the cryptocurrency sector continues to mature, Gould’s leadership at the OCC is poised to play a crucial role in shaping the future of digital asset regulations in the United States.
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