President Donald Trump is almost finished to appoint the key figures he seeks to find in financial regulatory positions that will lead the future surveillance of cryptographic industry, including now lawyer Jonathan Gould as a candidate for Manage the office of the currency controller who oversees US national banks.
With a widely broadcast White House appointment document showing that Trump has settled on Gould, a partner of the Jones Day law firm who was a high -level lawyer in the OC and an old crypto frame, and the President would have appointed the Federal Deposit Insurance Corp. Jonathan McKernan to manage the financial protection office of consumers, the slate is almost clear.
Gould had briefly worked as a legal director of the Bitfury Blockchain Technology Company after leaving the OCC as main assistant controller and chief lawyer during the first Trump administration. In Bitfury, he worked for CEO Brian Brooks, which Trump had formerly installed in the WC as an acting controller and also tried to make him permanent. In the OCC, Brooks worked to open banking services for cryptographic companies, and he raised digital anchorage like the first and the only cryptographic bank chartered by the agency. Now the industry will discover if Goud will follow these traces.
“For the crypto, we believe that Gould could seek to revive the concept of a national banking charter for limited use,” said Jaret SEIBERG, political analyst at TD COWEN, in a note to customers on Wednesday. “This could lead to banks specializing in crypto. We also think that it would allow banks to get more involved in the crypto, including stablecoins.”
Rodney Hood, former Republican chief of the National Credit Union Association, had been placed as a temporary controller of Trump and would be replaced by Gould if he won his confirmation from the Senate. Temporary republican replacements such as Hood now direct most financial regulators, including banking agencies, FDIC and WOTS; the pair of market regulators, the Securities and Exchange Commission and the Commodity Futures Trading Commission; And the CONSUEUR CONSUMER DOG CFPB.
At the CFPB, the effort of the Trump administration to empty the regulator with the assignment of its budget director, Russ Vought, while his interim leader attracted vigorous demonstrations of the Democrats of Congress. Now he announced the name he possibly wants to replace Vought there: McKernan, a republican member of the FDIC. McKernan had been a member of the staff of former senator Pat Toomey, a republican who had led an early (failed) accusation to regulate stablecoins in the United States
Ian Katz, a veteran analyst of financial regulation in Washington, noted the “conventional” choice of Gould for the OCC and the other recent choices for the permanent chiefs of the Commodity Futures Trading Commission and the Financial Protection Office of Consumers who will probably not overflow feathers among the American senators who will assess their appointments. The relatively calm choices seem to be closely included in the Trump model for financial regulators during his first mandate: no dramatic surprises.
Unlike some of Trump’s staff decisions in his office and in other agencies, the choices are experienced and are in the absence of political brands, including the choice of long -standing securities consultants and former commissioner Paul Atkins To manage the Securities and Exchange Commission. Almost all names – temporary and those nominated for permanent roles – have cryptographic history or have demonstrated support.
The Senate must always confirm all these candidates, and this process often takes months after the first year of an incoming president. Sometimes confirmations fail entirely, and agencies are found with heads of action permanently, as the OCC was during the Biden administration.
Meanwhile, Trump also chose the former commissioner Brian Quintenz to lead the CFTC, where the auditor Caroline Pham maintained the fort and made major agency changes as acting president. Until now, Pham and other acting agency heads have already started working to revise the cryptography policy of the Biden era.
Quintenz declared Wednesday in an article on the social site of social media that the CFTC would be “well ready to ensure that the United States leads the world in blockchain technology and innovation”.
Update (February 12, 2025, 17:26 UTC): Add comments from Quintenz on the CFTC appointment.
