Former Bitfury executive appointed as head of the U.S. OCC! Promises to end the nightmare of 'debanking' for the crypto industry

On July 10, the U.S. Senate passed the personnel appointment with a vote of '50 to 45,' confirming former Bitfury Chief Legal Officer Jonathan Gould as the head of the U.S. Office of the Comptroller of the Currency (OCC), continuing to strengthen the financial regulatory framework of the Trump administration and being seen as an important step in promoting 'cryptocurrency-friendly policies.'

Jonathan Gould is not a new face; he previously served as the Deputy Comptroller and Chief Legal Counsel of the OCC during the last Trump administration, closely collaborating with then acting Comptroller Brian Brooks.

Before returning to the OCC, Jonathan Gould served as the Chief Legal Officer of the cryptocurrency mining company Bitfury and joined the law firm Jones Day in 2022. He is now back at the helm of the OCC, and there is public interest in whether he will continue the previous policy stance of 'embracing cryptocurrency,' reopening the doors to the banking system for DeFi and digital assets.

Under the Biden administration's leadership, the OCC, along with the Federal Reserve (Fed), Federal Deposit Insurance Corporation (FDIC), and other agencies, imposed several restrictive measures on the cryptocurrency industry, leading many cryptocurrency operators in the U.S. to face the dilemma of 'debanking,' making it difficult to obtain basic banking services.

During the Senate hearing in April this year, although the senators did not delve deeply into cryptocurrency-related issues, Jonathan Gould clearly committed to 'absolutely addressing and resolving' the 'debanking' issue faced by cryptocurrency operators when he takes office.

"Former Bitfury executive appointed as head of the U.S. OCC! Promises to end the nightmare of 'debanking' for the crypto industry" This article was first published on (Blockcast).