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Gould wants crypto rules to level the playing field

Gould wants crypto rules to level the playing field

  • Key insight: Comptroller of the Currency Jonathan Gould says the agency’s goal is to widen banks’ access to new technologies, including stablecoins, to keep them relevant in a dynamic and changing financial landscape. 
  • Supporting data: Gould said the agency wants to ease barriers for smaller firms to avoid a two-tier system, where large banks dominate novel technology spaces.
  • Forward look: The OCC’s stablecoin implementation rule is out for public comment and will be further refined based on public feedback.

NEW YORK — Comptroller of the Currency Jonathan Gould said the agency’s stablecoin regulatory framework is designed to broaden smaller banks’ ability to compete in offering new technologies.

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