Yesterday the White House released a list of Presidential nominations, including Jonathan Gould as Comptroller of the Currency and Brian Quintenz as Chair of the Commodity Futures Trading Commission (CFTC). Both would be considered crypto friendly.
Jonathan Gould previously served as Senior Deputy Comptroller and Chief Counsel for two and half years. That period overlapped the nine months when Brian Brooks served as Acting Comptroller. He followed Brooks for an eight-month stint at crypto firm Bitfury. Law firm Covington and Bitfury are the co-founders of the Global Blockchain Business Council (GBBC).
During his tenure as Acting Comptroller, Brooks published three interpretive letters that first allowed banks to hold stablecoin reserves and provide crypto custody, and later authorized them to participate in stablecoin networks. On his departure from his Acting Comptroller role, Brooks suggested that DeFi apps that provide deposit and lending services should be considered for bank charters.
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