Donald Trump has selected former cryptocurrency executive Jonathan Gould to head the Office of the Comptroller of the Currency (OCC). Gould’s nomination is seen as a move to bring more expertise in the digital asset space to the OCC.

Gould previously worked as the vice president of operations at Ripple, a prominent blockchain technology company. His experience in the crypto industry is expected to bring a fresh perspective to the OCC, which oversees national banks and federal savings associations.

The nomination of Gould is significant as it signals the administration’s recognition of the growing importance of cryptocurrencies and blockchain technology in the financial sector. With his background in digital assets, Gould is poised to help shape policies that will guide the industry’s growth and innovation.

This nomination comes at a time when the OCC is considering granting national bank charters to fintech companies, including those involved in digital currencies. Gould’s appointment could signal a more favorable regulatory environment for cryptocurrency companies looking to operate within the traditional banking system.

Overall, Gould’s nomination reflects a broader trend of the government acknowledging the transformative potential of blockchain technology and digital assets. His appointment as the head of the OCC could pave the way for more collaboration between the cryptocurrency industry and traditional financial institutions.

The post Donald Trump Chooses Former Bitfury Crypto Executive to Head US Banking Regulatory Body appeared first on Crypto Breaking News.

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Filed under: News - @ February 13, 2025 1:22 am