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Senate Confirms Trump-Backed Jonathan McKernan as Treasury Under Secretary
Senate Confirms Trump-Backed Jonathan McKernan as Treasury Under Secretary
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BTCCSquare news:
The U.S. Senate narrowly approved Jonathan McKernan as Treasury Under Secretary for Domestic Finance in a 51-47 vote. A Trump-endorsed nominee, McKernan brings a reformist agenda targeting financial market regulations and crypto integration.
His FDIC board experience and criticism of banking restrictions position him as a potential catalyst for pro-crypto policy shifts. Treasury Secretary Bessent endorsed McKernan as an "ideal leader" for domestic financial reforms.
The confirmation signals a possible inflection point for digital asset policy, particularly regarding banking access for crypto firms. McKernan's regulatory philosophy aligns with growing institutional interest in blockchain infrastructure.
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