OCC’s Gould leans away from ‘ostrich’ approach

Core Viewpoint - The Comptroller of the Currency, Jonathan Gould, advocates for integrating cryptocurrency within the banking system to ensure monitoring and regulation, rather than ignoring its existence [1][2]. Group 1: Regulatory Approach - The OCC and other federal financial regulators have adopted a crypto-friendly stance since January, allowing crypto firms like Coinbase and Ripple to apply for national trust charters for regulatory clarity [2]. - Gould emphasizes the importance of transparency in regulatory expectations and prefers a case-by-case evaluation rather than a blanket risk elimination approach [3]. Group 2: Industry Experience - Gould has significant experience in the crypto industry, having previously chartered the first crypto bank during his tenure at the OCC and serving as chief legal officer at blockchain firm Bitfury [4].