The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters can be seen during a protest in Washington, D.C. on February 10, 2025.
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this White House Plans to nominate Jonathan McKernan Federal Deposit Insurance Companyas a full-time director Consumer Financial Protection BureauAccording to two sources familiar with the matter.
The White House also intends to nominate Jonathan Gould as head of the currency’s auditor-general’s office, while Brian Quintenz as chairman of the Commodity Futures Trade Commission.
The nomination was first reported by Punchbowl News. A White House spokesman did not immediately respond to a request for comment.
If confirmed by the U.S. Senate, McElnan will take over institutions that are currently experiencing major turmoil trump card administrative Effectively freeze the watchdog.
McKernan recently resigned from the FDIC’s board of directors and has been there since January 2023. consultant.
Gould was recently a partner at Washington law firm Jones Day, who previously served as chief legal officer at cryptocurrency company Bitfury. In 2018, Gould served as chief adviser to the Senate Banking Committee while serving as Mike Crapo, a Republican of Idaho.
If confirmed to the OCC, Gould will lead the regulators that regulate large national banks.
The CFTC, which oversees the commodity derivatives market, has traditionally been a junior player in financial policy, but is expected to play a more important role as the Trump administration begins overhauling cryptocurrency regulations.
Reuters reported that he is currently the head of policy for policy for A16Z Crypto, a cryptocurrency unit of venture capital giant Andreessen Horowitz, who has been providing advice on cryptocurrency policy to Trump’s transition team.
