Former BitFury executive confirmed as Chair of the Office of the Comptroller of the Currency, expected to promote a friendlier encryption policy.

Former BitFury executive and crypto industry supporter Jonathan Gould has passed the vote in the U.S. Senate to become the next chairman of the Office of the Comptroller of the Currency (OCC). This position may make the national banking policies in the United States more supportive of Crypto Assets, bringing new opportunities, but it could also further concentrate the regulatory power over encryption, posing potential risks.

Gould's background and the position of OCC Chairman

The Office of the Comptroller of the Currency (OCC) is an important agency under the U.S. Department of the Treasury, responsible for regulating the U.S. banking industry. In recent years, the OCC has promoted several key policies, such as allowing Bitcoin ETF options trading and supporting banks in expanding their Crypto Assets custody services.

A few months ago, President Trump nominated Gould for this position. Now, Gould is about to officially take office and may help address some long-standing policy issues.

Gould has a rich background in the Crypto Assets industry and previously served as the Chief Legal Officer of BitFury. During his time as the Chief Legal Advisor of OCC, Gould has been a supporter of Crypto Assets and has actively promoted friendly regulatory policies for stablecoins.

Gould's policy direction and its impact

During his tenure as the OCC Chairman, Gould may further promote the integration of Crypto Assets with banking. The most likely measures are to incorporate stablecoins into the financial infrastructure or to issue policy guidelines that are favorable to the development of Crypto Assets.

This change is undoubtedly a significant advance compared to the systemic de-banking actions of a few years ago, reflecting a shift in the regulatory environment.

potential risks of centralized regulation

Although Gould's appointment may promote a more friendly Crypto Assets policy, there are also potential risks. If Gould uses OCC as a tool to support Crypto Assets, it will lead to further concentration of regulatory power, moving away from local control.

If the political forces opposing encryption control the federal regulatory agencies, the supportive policies of local governments may be restricted, which in turn could affect the development of the crypto assets industry.

Future political uncertainty

Although this change may bring more opportunities for Crypto Assets at present, the long-term impact remains difficult to predict in this politically unstable period. The future of Crypto Assets policy will be influenced by multiple factors, and the situation may change rapidly with the evolution of the political landscape.