The U.S. Senate confirms former Bitfury executive Jonathan Gould as the Director of the OCC

ChainCatcher news, according to The Block, the U.S. Senate has voted to approve the nomination of former Bitfury Chief Legal Officer Jonathan Gould as the head of the Office of the Comptroller of the Currency (OCC), with a vote count of 50 in favor and 45 against. The nomination will be submitted to President Trump for final approval.

Gould previously served as the OCC's Senior Deputy Comptroller and Chief Counsel, and Senator Cynthia Lummis initially had reservations about him but ultimately cast a vote in favor.

As the national bank regulatory agency in the United States, the OCC is responsible for overseeing member banks of the Federal Reserve System, such as JPMorgan Chase and Bank of America. This year, it has implemented several crypto-friendly policies, including explicitly allowing banks to buy and sell crypto assets for themselves and removing references to "reputational risk" from its regulatory handbook, while emphasizing that banks still need to manage related risks appropriately.