Former BitFury executive confirmed as Chair of the Office of the Comptroller of the Currency, expected to promote a friendlier encryption policy.
Former BitFury executive and encryption industry supporter Jonathan Gould has been confirmed by the Senate as the Chairman of the Office of the Comptroller of the Currency (OCC), which may promote more encryption-friendly policies and facilitate the integration of encryption with the banking industry. However, this centralized regulatory approach may also pose risks, especially if political forces opposing encryption gain control over federal regulation. Gould's appointment signifies an important shift in the regulatory environment, but the long-term effects remain to be seen.