The U.S. Senate voted to confirm former blockchain executive Jonathan Gould to lead the Office of the Comptroller of the Currency, sending the nomination to President Donald Trump for final approval.
The Senate voted 50 to 45 on Thursday.
Gould was previously the chief legal officer at Bitfury and, before that, served as senior deputy comptroller and chief counsel at the OCC, which regulates and supervises national banks and federal savings associations. Trump tapped Gould to lead that agency in February.
Earlier in the day, during a procedural vote for Gould’s nomination, Sen. Cynthia Lummis, a staunch crypto advocate, voted against his nomination, according to reporting from Punchbowl News’ Brendan Pedersen. A Lummis spokesperson said that the senator needed to have further discussions with Gould regarding stablecoin legislation and the “federal preemption of state banking laws,” Pedersen reported.
During the afternoon vote, Lummis ultimately voted yes to confirm.
Lawmakers are quickly moving ahead with stablecoin legislation, with next week designated as “Crypto Week” to consider the GENIUS Act in the House. The bill requires stablecoins to be fully backed by U.S. dollars or similarly liquid assets, mandates annual audits for issuers with a market capitalization exceeding $50 billion, and establishes guidelines for foreign issuance.
The OCC has already made a few more crypto-friendly moves this year, including clarifying that U.S banks can buy and sell crypto assets on their behalf. The agency also said it was removing references to reputation risk from its handbooks and guidance, though it noted that it would not change its expectation on how banks handle risks.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
