President-elect Donald Trump and his team are considering eliminating the Federal Deposit Insurance Corporation (FDIC) and other bank regulatory agencies to reduce bureaucracy and encourage innovation, particularly in the area of cryptocurrency. Trump believes that cutting federal oversight could position the U.S. as a leader in the cryptocurrency revolution, but critics argue that it could leave banks and consumers vulnerable to fraud and loss. Congress would need to approve any major changes, and resistance is expected, given concerns about the potential for financial instability. The coming months will determine whether this plan leads to innovation or chaos.



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