President Donald Trump is about appointing the key figures that seeks to enter the financial regulation positions that will direct the future supervision of the cryptographic industry, which now includes the lawyer Jonathan Gould as nominated to direct the office of the comptroller of the currency that supervises US National Banks. UU.
With a broadly circulated White House nominations document that shows that Trump has decided on Gould, a partner of the Jones Day law firm, who was the main lawyer in the OCT and a former executive of cryptography, and the president will name The federal deposits of Corp. Jonathan McKernan deposits to direct the consumer financial protection office, the list is almost clear.
Gould had briefly worked as Legal Director of the Blockchain Bitfury Technology Company after he left the West as a attached comptroller and director advisor during the first Trump administration. In Bitfury, he worked for the CEO Brian Brooks, whom Trump had installed once in the West as an interim comptroller and also tried to do so permanent. In the West, Brooks worked to open US banking for cryptographic companies, and raised digital anchorage as the first and unique cryptographic bank rented by the agency. Now the industry will discover if Gould will follow those steps.
“For cryptography, we believe that Gould could seek to relive the concept of a letter from the National Limited Deusos Bank,” said Jaret Seiberg, TD Cowen’s policy analyst, in a note for customers on Wednesday. “That could lead to banks that specialize in cryptography. We also believe that it would allow banks to get more involved with cryptography, including stablecoins.”
Rodney Hood, a former Republican chief of the National Credit Union Association, had been placed as Trump’s temporary comptroller and would be replaced by Gould if he wins his Senate confirmation. Temporary republican replacements such as Hood now lead most financial regulators, including banking agencies, the FDIC and the OSC; the pair of market regulators, the stock exchange and securities commission and the Basic Products Trade Commission; and CFPB surveillance consumption.
In the CFPB, the effort of the Trump administration to gut the regulator with the assignment of its budget director, Russ Vought, since its interim leader has generated vigorous protests of the Democrats of Congress. Now he has announced the name that wants to replace Vought there: McKernan, a republican member of the FDIC. McKernan had served as a staff member for former Senator Pat Toomey, a Republican who had led an early (failed) position to regulate the stable in the United States.
Ian Katz, a veteran financial regulation analyst at Washington, said Gould’s “conventional” selection for the OSC and the other recent options for the permanent chiefs of the Basic Products Trade Commerce Commission and the Consumer Financial Protection Office Among the American senators who will evaluate their nominations. Relatively quiet options seem closely with the Trump model for financial regulators during their first mandate: there are no dramatic surprises.
Unlike some of Trump’s personnel decisions in his cabinet and other agencies, the options are experienced and absent from political fire brands, including the choice of the securities consultant and the former Veurities commissioner, to direct the commission Bag and values. Virtually all names, temporary and nominees for permanent roles, have cryptographic history or have demonstrated support.
The Senate must still confirm all these nominees, and that process often has been in the first year of an incoming president for months. Sometimes, confirmations fail completely, and agencies remain with permanent acting heads, such as the OSC during the Biden administration.
Meanwhile, Trump also chose former commissioner Brian Quintenz to direct the CFTC, where the commissioner in sitting Caroline Pham has been retaining the fort and making important changes in the agency as an interim president. Until now, Pham and other interim agency bosses have already begun working to review the Cryptography Policy of the Biden era.
Quintenz said in a publication on the X site of social networks X on Wednesday that the CFTC will be “well prepared to ensure that the United States leads the world in Blockchain technology and innovation.”
Update (February 12, 2025, 17:26 UTC): Add Quintenz comments on the CFTC nomination.
