Washington, DC – Jonathan Gould, on his opening week of running the US Comptroller’s office office, has left no uncertainty about his outlook on the systematic process to drop people and businesses from banking relationships.
“Deban is true,” he told a audience on Wednesday at CoinDesk’s Policy and Regulation Event in Washington, DC “This is a real phenomenon,” he said, adding that he heard stories like recent last week about people with corporate accounts told “We didn’t want your business here.”
As he pushed to make the US the world center of the world’s crypto, President Donald Trump has appointed regulators who are friendly digital-assets such as Gould to perform his executive orders to strengthen the industry. Gould said he was busy starting his tenure responding to Deban, reversing the “anti-crypto licensing conditions we imposed” and starting work on new stablecoin regulations.
Earlier this week, Gould issued A statement that says it has taken actions “To eliminate politicians or unlawful debanking in the federal banking system.” While other industries with the perceived risk or reputation problems have experienced banking difficulties, it is the struggle of crypto insiders to the banks that have brought this issue.
He said he was excited to start the “big work” of writing the rules required under the guidance and establishment of national innovation for US Stablecoins (Genius) Act, where the OCC will be a federal regulator for some US and all the foreign stablecoin that provides that the tokens are spreading here. The process by which crypto companies may be licensed or charter because the banks are careful, he said, now that he has moved this week to Make that function a direct report to his office.
“We have a history-or at least in recent years-chasing more than just a risk of eliminating risk where we want to avoid banks engage with everyone,” he said. Gould, a former Executive in Bitfury, suggested that the time at which the OCC is reluctant to allow banks to engage in the crypto business.
The traditional banking system looks at the Stablecoin law nervous for the potential undermining of major business deposits, but Gould said fears are likely to be overblown, which suggests other deposits-like products such as money market funds that are not killed from the basic bankruptcy basis.
Read more: Former Bitfury Exec Gould have confirmed to occupy US Banking Agency OCC
