CandleFocus U.S. Banking Should Ease Path for Crypto, Republican Taking Reins at FDIC Suggests
2025-01-13
Author: Content Editor
Travis Hill, the Senior Republican at the Federal Deposit Insurance Corp. (FDIC), has called for new guidance on digital assets and criticized the agency's current approach to cryptocurrencies. Hill believes that the FDIC's current one-by-one approach has stifled innovation and created a negative perception of the agency's stance on blockchain technology. He also criticized the FDIC's role in pressuring banks to stop serving cryptocurrency clients and called for an end to efforts to debank law-abiding customers. Hill is expected to take over as the interim chairman of the FDIC once President-elect Donald Trump takes office.
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