In the quiet, bureaucratic theater of Washington, the stage is set for a most peculiar drama. President Trump, in his endless quest to leave no stone unturned, has cast two Jonathans in the leading roles of his crypto regulation play. π
Jonathan Gould, a man of many hats, has been nominated to don the most fetching one yet β as the OCCβs next grand poobah. A lawyer of such high standing that even the President took note, Gould once held the gavel of chief legal officer at the OCC. His experience at Bitfury suggests a plot twist toward a crypto-friendly banking future. π
But wait, there’s more! The plot thickens as Gould may find himself the regulator-in-chief of stablecoins, should the Senate nod in agreement. Two bills are poised to make the OCC the king of the coin hill. π°
In a parallel subplot, the Consumer Financial Protection Bureau undergoes a transformation, as if by magic, with Jonathan McKernan stepping into the limelight. Trump, ever the critic of the bureau’s laid-back approach, has McKernan in his sights to whip it into shape. π©
McKernan, a man of many talents, has been plucked from the Federal Deposit Insurance Corporation to don the CFPB’s cape. His past as an attorney for the illustrious Senator Pat Toomey hints at a character with depth and, perhaps, a few tricks up his sleeve. οΏ½ Sleeve? More like crypto wallet! π
And as the final act approaches, whispers of a merger between the FDIC and OCC fill the air. Trump’s vision of a crypto-friendly administration takes shape, with a cast of characters ready to embrace the digital unknown. π
From Atkins to Quintenz, Gould to McKernan, the stage is set for a regulatory cabinet that might just make crypto fans swoon. πΉ And with lawmakers like Scott and Hill championing digital asset policies, the future looks as bright as a blockchain. π‘
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2025-02-13 00:06