Washington, DC – Jonathan Gould, in its first weeks of administering the US Office of the Mint, did not leave uncertainty about its vision of the systematic process to leave the cryptographic people and companies of banking relations.
“Debanking is real,” he told an audience on Wednesday at the Coindesk policy and regulation event in Washington, DC, “it is a real phenomenon,” he said, adding that he was listening to stories as recently as last week about people with corporate accounts that are said “we don’t want their business here.”
In his impulse to make the United States the center of the world, President Donald Trump has appointed friendly regulators with digital assets such as Gould to promulgate his executive orders to reinforce the industry. Gould said he has been occupied at the beginning of his mandate addressing the debate, reverting the “anti-Christpto license conditions that we imposed” and beginning to work in new Stablecoin regulations.
Earlier this week, the West of Gould issued a statement by saying that it had taken measures “to eliminate the politicized or illegal debate in the federal banking system.” While other industries with perceived risk or reputation problems have experienced banking difficulties, it was the fight of cryptocurrencies with banks that brought this problem to a point of view.
He said that he is excited to start the “great company” to write the required rules under the guidance and establishment of national innovation for the US stablecoins. (GENIUS) Law, under which the West will be a federal regulator for certain EE. UU. UU. The process by which cryptographic companies can license or rent as banks will approach more closely, he said that he now moved this week so that this function is a direct report to their office.
“Historically, we have followed, or at least in recent years, a risk elimination strategy in which we wanted to prevent banks from getting involved in this,” he said. Gould, a former Bitfury executive, suggested that the period in which the Occ was reluctant to allow banks to participate in cryptographic businesses have ended.
The traditional banking system has nervously looking at Stablecoin’s law for his possible socion of his basic deposit business, but Gould said that these fears are probably exaggerated, which suggests that other products similar to deposits, such as the funds of the money market, never killed that pillar of the bank.
Read more: former Bitfury Executive Gould confirmed that he took over the US Banking Agency
