Trump appointee Jonathan Gould takes office as US comptroller of currency - OCC statement

Trump appointee Jonathan Gould takes office as US comptroller of currency - OCC statement

Jonathan Gould, a prominent figure in banking law and regulation, has been confirmed by the U.S. Senate to serve as the Comptroller of the Currency (OCC) for a five-year term. The confirmation vote, held on July 10, passed narrowly with 50 votes in favor and 45 against [1].

Gould's appointment comes after serving as the OCC's chief counsel during Joseph Otting's tenure under the first Trump presidency [1]. His extensive background in banking law and regulation, coupled with his experience in Washington and the banking industry, has positioned him to lead the OCC effectively [1].

The confirmation process was not without controversy. Republican Senator Cynthia Lummis initially opposed Gould over concerns related to stablecoin regulation and federal preemption vis-a-vis state banking laws [2]. However, after engaging in behind-the-scenes conversations, Lummis ultimately voted to confirm Gould [2].

Gould brings a strong background in legal and financial regulation, having served as the chief legal officer for blockchain infrastructure company Bitfury and holding senior roles within the OCC, including senior deputy comptroller and chief counsel [2]. His appointment is significant as it marks a continuation of the Trump administration's approach to easing regulations on the nation's banks and promoting cryptocurrency adoption [2].

The OCC, under Gould's leadership, will play a crucial role in regulating, chartering, and supervising national banks, federal savings associations, and federal branches of foreign banks. As digital assets continue to evolve rapidly, Gould will face the challenge of balancing innovation with financial stability [2].

Gould's confirmation follows a period of political divisiveness regarding crypto policy and financial regulation. His appointment signals a potential shift in the OCC's approach to cryptocurrencies and stablecoins, with the agency recently clarifying that US banks can hold and trade cryptocurrencies on their behalf [2].

As the new comptroller, Gould will have to navigate the complex landscape of federal and state banking laws, ensuring that the OCC's policies empower Main Street banks while maintaining a safe and sound banking system [1]. His tenure will be closely watched by both crypto interests and lawmakers from both parties.

References:
[1] https://www.pymnts.com/news/regulation/2025/senate-confirms-jonathan-gould-comptroller-currency-occ/
[2] https://www.cryptopolitan.com/ex-bitfury-exec-jonathan-gould-to-lead-occ/