Washington, DC – Jonathan Gould, in his first weeks of management of the American currency controller, left no uncertainty about his vision of the systematic process of dropping cryptographic and banking relationships.
“Debanking is real,” he told an audience on Wednesday at the Coindesk policy and regulation event in Washington, DC “is a real phenomenon,” he noted, adding that he heard stories as recently as last week on people with corporate accounts that did not want your business here. “
In its push to make the United States the Crypto Center of the World, President Donald Trump has appointed regulators adapted to digital assets such as Gould to promulgate its decrees to strengthen the industry. Gould said he was occupied at the start of his mandate addressing the debanking, inversing the “anti-Crypto license conditions that we have imposed” and starting work on the new Stablecoin regulations.
Earlier this week, Gould’s WCI published a statement saying that it had made measures “to eliminate politicized or illegal defrosts in the federal banking system”. Although other industries with a perceived risk or reputation problems have experienced banking difficulties, these are crypto problems with the banks that brought this question to the head.
He said he was delighted to start the “big company” of writing the rules required under the purchase and establishment of national innovation for American stablecoins (GENIUS) Act, under which the OCC will be a federal regulator for certain United States and all the foreign stories issuers whose tokens circulate here. The process by which cryptographic companies can concede under license or charter as banks will bring attention, he said, now that he has moved this week to make this function a direct report to his office.
“We have historically – or at least in recent years – has continued a risk elimination strategy where we wanted to prevent banks from getting involved in this,” he said. Gould, a former Bitfury executive, suggested that the period during which the occurrence was reluctant to allow banks to engage in cryptographic affairs.
The traditional banking system nervously looked at the stable law for its potential undermining its basic deposit activities, but Gould said that these fears are probably exaggerated, suggesting that other similar deposit products such as the funds of the monetary market had never killed this pillar of the bank.
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