OCC chief Jonathan Gould told lawmakers at a congressional hearing that he was not acting at Donald Trump’s direction and said Democrats were the only group exerting political pressure on his agency. The hearing also turned to the GENIUS Act and the regulatory path for stablecoins, with FDIC Chair Travis Hill saying KYC rules for stablecoin issuers are coming soon. Lawmakers and regulators were divided over stablecoins’ role in payments, underscoring how political scrutiny of financial watchdogs is unfolding alongside debate over U.S. crypto legislation.