US Senate Confirms Jonathan Gould as Comptroller of the Currency

BlockBeats News, July 11 — The U.S. Senate has confirmed Jonathan Gould to lead the Office of the Comptroller of the Currency (OCC), adding him to the list of Trump administration officials who support easing regulations on national lending institutions and are in favor of crypto assets. The Senate approved Gould’s appointment with 50 votes in favor and 45 against.

Gould previously stated that since 2008, banking regulators have at times sought to eliminate risk rather than manage it, which has hindered banks’ ability to fulfill their functions. Earlier this year, the OCC announced it would no longer review the risks associated with banks doing business with controversial clients.