US Comptroller of the Currency Jonathan Gould told Congress on Thursday that Democrats are the sole political party pressuring regulators about the crypto trust charter proposal. His statement emerged during heated exchanges with New York Representative Gregory Meeks over Donald Trump's influence on agency nominees.
Partisan Pressure in Focus
Gould made the declaration during a House Financial Services Committee hearing, specifying that Democratic lawmakers alone are pushing regulators to act on the charter. He didn't name specific members or detail the nature of the pressure. The testimony came amid weeks of regulatory discussion about the proposal.
Meeks Challenges Trump's Influence
Representative Meeks pressed Gould on whether Trump's nominees to financial agencies were shaping current policy. The Comptroller defended regulatory independence while acknowledging the former president's appointments. Their back-and-forth grew visibly tense as Meeks questioned if political loyalty outweighed public interest.
Charter Path Remains Unclear
Regulators continue reviewing the crypto trust charter with no decision timeline. Gould's testimony confirms Democrats are the only party actively pushing the issue forward. The next committee session could revisit the matter later this month, though no agenda has been set.
