The main organizational chiefs are the “familiar”. Has a new era began to organize encrypted currency?

Author: 1912212.eth, cooling news

Since he took office officially at the White House, Trump has often presented favorable policies. Recently, Trump nominated the chief legal official of BitFury Jonathan Gold to serve as director of the Currency Observer Office (OCC), who is responsible for organizing the national banking system. This nomination was presented to the Senate on February 11, with a five -year period.

In addition, the A16Z Policy President also nominated Brian Quintns as Chairman of the Relacral Contract Contract Committee.

The effect of OCC cannot be reduced, because it is one of the most powerful banking organizational agencies in the United States. OCC banks control a large part of the assets in the American banking industry, including major banks such as Citibank, JPMorgan Chase and Bank of America. Given the main position of the American banking system in the global financial market, OCC policies will affect international transactions between banks, the clearing system in US dollars, and global financial stability. In recent years, OCC has allowed national banks to provide cryptocurrency nursery services and explore Stablecoins integration with the banking system, which has far -reaching effects on the compatible development of the encrypted currency industry.

Christine Smith, CEO of the Blockchain Association, an invitation to the encrypted currency, stated that Gold is an excellent candidate for the position of OCC manager, and his experience in the cryptocurrency industry enables him to lead the agency effectively. Avichal Garg, co -founder of Electric Capital, has also expressed that GOULD’s nomination is a very positive development for Fintech founders and Cryptocurrency who are looking for better financial services.

Who is exactly Gold, to receive such a high praise?

An impressive background in encryption, law and financial management

Gold graduated from Princeton University and later obtained the degree of law doctor. During the first period of Trump (from late 2018 to mid -2011), he held the position of main financial observer and chief legal adviser to OCC. The records indicate that during his term in OCC, Jonathan led the Legal Licensing and Licensing Team during a large important period of transformation, prompting the agency to update its regulatory framework and licensing to adapt to the development of the banking industry. These reforms included great reviews of banking regulations, which involve the implementation of the economic growth law, among other things. Under his leadership, Occ was the first to approve licenses for Fintech and Cryptocurrency Banks, confirming the legitimacy of the encryption companies.

In 2022, Gold became the chief legal official at Bitfury, a company that produces Bitcoin mining equipment and was valued at $ 1 billion several years ago. Gold is currently a partner at the Johns Law Office.

He also held the position of Blackrock manager from 2014 to 2018. Blackrock is one of the largest asset management companies in the world, currently runs more than 10 trillion dollars of assets, and includes a large location in the global financial market.

Gold is well aware of the law and holds positions at the Bitcoin Mining Company and in the Blackrock Asset Management Company, with strong accreditation data in encryption, financing, and law. If it is officially appointed, you may see the encryption industry relaxing the regulations. Recently, GIULD COKKEPOINT 2.0 (which aims to cut ties between encryption and banks) and expressed the desire to provide fair access to banking services to encryption companies.

CFTC president nomination from the A16Z policy president

Recently, Trump also nominated the A16Z Politics Chairman Brian Quintns as Chairman of the CFTC Futures Trading Committee (CFTC). The former CFTC and Caroline Vam Chairman, who was nominated by Trump, is currently working as a prosecutor. Earlier this year, the Trump team had an interview with many candidates, including CFTC SUMMER MERSINGER Commissioner and former Kraken Marco Santori, but eventually chose Brian Quintns.

The main function of CFTC is to organize the American derivative markets, especially future contracts, options, and other derivative trading, which include futures contracts, options related to commodities, stocks, bonds and foreign currency exchange. It is also one of the most important organizational bodies related to the encrypted currency sector.

Brian Quintns graduated from Duke University. From 2001 to 2007, Quintns worked in the office of US Congress, Deborah Price as a consultant in higher policy. In 2013, Saeculum Capital Management founded, focusing on risk management and technical analysis strategies.

In August 2017, Brian was nominated by Trump as CFTC Commissioner and confirmed by the US Senate in the same month. During his term, he led the CFTC Consulting Committee and hosted the public policy discussions and surroundings on encrypted currencies. It also supported the development of modified regulatory policies by risk of emerging areas such as decentralized financing (Defi).

In September 2021, Brian joined Andrink Horwitz as a political head of the encryption department.

During his time in A16Z, Brian wrote recently that “when it comes to organization, we can finally relax.” For many, concerns related to excessive organization of delay projects for the use of symbols to allocate the project control and building societies led. Now, there should be more confidence in using symbols as legitimate and compatible projects.

It should be noted that after his nomination as the next CFTC president, Brian tweet that CFTC plays a major role in discovering market prices. The agency is also ready to ensure that the United States remains global in Blockchain technology and innovation. “I look forward to working with President Trump’s financial organizational team.”

In the past, both SEC and CFTC have participated in enforcement procedures regarding the encrypted currency industry, and they are also inconsistent with whether there are some distinctive symbols qualifying as securities. Recently, Eleanor Territ, Forbes Correspondent for Business, revealed that when regulating digital assets is a priority, SEC and CFTC discuss enhancing cooperation in organizing encrypted currency and thinking about restarting the SEC-CFTC joint advisory committee, which has been in an active state since 2014 , To present a platform for both clients on emerging organizational issues.

conclusion

Currently, it seems that Trump has been constantly practicing his friendly stance towards the coded currency industry since he took office. Many high -ranking government officials and organizational presidents are members of rental. The previous shadow of strict regulation and repression of the coded currency industry may dissipate, and a number of entrepreneurs in the United States may welcomes one of the most lenient policies.