U.S. Senate Confirms Former Blockchain Industry Executive Jonathan Gould as OCC Chief
According to Jinse Finance, the U.S. Senate has confirmed former Bitfury Chief Legal Officer Jonathan Gould as the head of the Office of the Comptroller of the Currency (OCC) with a vote of 50 to 45. The nomination will now be sent to President Trump for final approval. Gould previously served as OCC’s Chief Counsel and Deputy Comptroller. This year, the OCC has taken more crypto-friendly measures, including allowing U.S. banks to hold crypto assets on their own balance sheets. Meanwhile, the House of Representatives is accelerating stablecoin legislation and will hold a “Crypto Week” next week to review the GENIUS Act, which requires stablecoins to be fully backed by highly liquid assets such as the U.S. dollar and mandates annual audits for issuers with a market capitalization exceeding $50 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
