The U.S. Senate Approves Jonathan Gould as Head of the Office of the Comptroller of the Currency

On July 11, according to Jinshi Data, the U.S. Senate confirmed Jonathan Gould to lead the U.S. Office of the Comptroller of the Currency, adding him to the list of Trump administration officials who support easing regulations on national lending institutions and support crypto assets. The Senate approved Gould's position with 50 votes in favor and 45 votes against. Gould previously stated that since 2008, banking regulators have sometimes tried to eliminate risk rather than manage it, which has hindered banks' ability to perform their functions. The U.S. Office of the Comptroller of the Currency announced earlier this year that it will no longer review the risks banks face in doing business with controversial clients. [Deep Tide TechFlow]