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Ex-Bitfury Executive Confirmed to Lead U.S. Banking Regulator Amid Stablecoin Regulatory Push
Ex-Bitfury Executive Confirmed to Lead U.S. Banking Regulator Amid Stablecoin Regulatory Push
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BTCCSquare news:
Jonathan Gould, former chief legal officer at blockchain firm Bitfury, secured Senate confirmation as Comptroller of the Currency with a 50-45 vote. The appointment places a crypto-savvy regulator at the helm of the OCC as Congress advances the Genius Act, legislation that WOULD grant the agency oversight of federally licensed stablecoin issuers.
The regulatory framework, passed by the Senate on June 17, could take effect later this year. It arrives as analysts project the $250 billion stablecoin market could balloon to $3.7 trillion by 2030, according to Citi research. Gould's confirmation underscores the growing institutionalization of digital asset oversight within federal banking regulation.
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