The White House is planning to appoint Jonathan Mckernan, a former member of the Federal Deposit Insurance Corporation, as a full -time director of the Consumer Financial Protection Bureau.
The White House also intends to nominate Jonathan Gould as head of the Currency Currency Competroller and Brian Quintz as chairman of the Commodity Futures Trading Commission.
The nominations were first reported by Punchbowl News. A spokesman for the White House didn’t immediately answer a request for a comment.
If Mckernan were confirmed by the US Senate, he would take over an agency that’s currently going through a significant change after the Trump administration had effectively frozen the watchdog.
Mckernan recently resigned from the FDIC board, where he had been working since January 2023. He previously worked as a lawyer of the US Senate Bank Committee under Republican Senator Pat Toomey, and previously this was a senior lawyer on the Federal Housing Finance Agency and as Ministry of Finance.
Gould recently was a partner on the law firm Jones Day in Washington and previously worked for the Krypto company Bitfury as Chief Legal Officer. In 2018, Gould was the chief consultant of the Senate banking committee under the then chairman Mike Crapo, a Republican of Idaho.
If Gould the OCC were confirmed, the supervisory authority can be commissioned to observe large national banks.
The CFTC, which monitors the markets of the raw material derivatives, was traditionally a junior actor in financial policy, but is predicted to play a more vital role, for the reason that Trump administration revises the cryptocurrency regulations.
Quintenz, who’s currently head of politics for A16Z Crypto, the crypto arm of the enterprise capital -Riese Andessen Horowitz, had advised the Trump crossing team in regards to the crypto policy, Reuters previously reported.
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