Overview

• The Senate approved Gould’s nomination on July 10 with a 50–45 vote, with five senators absent and largely along party lines.
• Gould has pledged to ease banking rules to promote prudent risk-taking after arguing that post-2008 regulations have hindered credit access and innovation.
• He previously served as the OCC’s senior deputy comptroller and chief counsel from 2018 to 2021 and later worked at Bitfury and Jones Day.
• Under the Genius Act passed by the Senate in June, the OCC will gain authority to license and supervise federally chartered stablecoin issuers.
• Industry groups like the American Bankers Association and Republican lawmakers have welcomed his appointment, citing his experience and commitment to fair banking practices.