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Treasury appoints Rodney Hood as acting comptroller of the currency https://t.co/DjoEHCCEE3
Crypto resistance at two U.S. financial agencies -- the @USOCC that regulates banks and the CFPB that looks out for consumers -- is likely to be sidelined now that both are in the hands of President Donald Trump's appointees. @jesseahamilton reports https://t.co/AV7zEmywVv
[FOX REPORTER] Rodney Hood appointed acting Comptroller of the Currency, signaling potential shift in crypto regulation as execs expect rollback of OCC’s crypto restrictions
The U.S. Treasury has appointed Rodney Hood, the former chair of the National Credit Union Administration (NCUA), as the acting Comptroller of the Currency effective February 10, 2025. Hood is known for his favorable views on cryptocurrency, which may indicate a shift in regulatory approach towards digital assets. This change comes as both the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) are now led by appointees of President Donald Trump, potentially sidelining previous resistance to cryptocurrency within these agencies. Industry executives anticipate a rollback of existing restrictions on crypto regulation.