President Donald Trump has nearly finalized his nominations for key financial regulation roles affecting the U.S. crypto industry. Lawyer Jonathan Gould is nominated to lead the Office of the Comptroller of the Currency, with Jonathan McKernan set to head the Consumer Financial Protection Bureau. Gould, a former OCC lawyer and crypto executive, will be replacing Rodney Hood, the current temporary comptroller. Gould is expected to revive the concept of a limited-purpose national bank charter specifically for crypto-focused banks, potentially allowing banks to engage more with stablecoins. Trump's choices for regulators, including seasoned professionals at the CFPB and CFTC, reflect a non-controversial approach aimed at facilitating crypto oversight without eliciting political backlash. The Senate will need to confirm these nominations, a process that historically can be lengthy and may result in some appointments being left as acting positions, similar to the Biden administration's experience. The currently sitting Commissioner of the CFTC, Caroline Pham, is among those implementing changes to the crypto policies established under Biden, marking a significant shift in regulatory perspectives.

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