OCC Welcomes Jonathan Gould, Enhances Crypto Regulation

Jonathan Gould, with blockchain expertise, has been confirmed as the new Comptroller of the Currency (OCC Head) on July 10, 2025.

His leadership marks a significant shift toward integrating crypto expertise in U.S. bank oversight, boosting market confidence.

Jonathan Gould’s appointment as the new OCC Chief heralds a shift in regulatory focus, particularly around blockchain and digital assets. His previous roles provide him with a unique understanding of both legal and industry-specific challenges.

Having served as Bitfury’s Chief Legal Officer and Senior Deputy Comptroller at the OCC, Gould brings a wealth of experience. His tenure reflects a federal strategy to prioritize crypto expertise in regulatory positions, changing the status quo.

The immediate effect includes heightened regulatory clarity for U.S. banks engaging in crypto custody, affecting major assets like BTC and ETH. Existing rules now favor crypto activities with proper risk management. Rodney Hood, Acting Comptroller of the Currency, OCC, noted, “National banks and federal savings associations are well positioned to engage in this space responsibly.”

Financial markets see potential benefits as more banks can explore digital asset services, meeting compliance expectations. Such changes foster an environment that encourages further institutional investment in digital currencies.

Similar shifts under Brian Brooks increased institutional interest in BTC and stablecoins by granting banks crypto custody rights. Patterns show that regulatory support often bolsters large-cap digital assets.

The recent regulatory climate suggests increased institutional participation. With past trends indicating market growth following regulatory shifts, Gould’s term could enhance participation in crypto among U.S. banks.