Travis Hill, the incoming interim chairman of the FDIC, criticized the agency's current stance on digital assets, claiming it has stifled innovation and created a perception that the FDIC is not open to cryptocurrency businesses. Hill emphasized the need for new guidance that clearly outlines permissible activities for banks involved in digital assets, arguing that past approaches have deterred financial institutions from engaging with this sector. He also condemned the FDIC's pressure on banks to terminate relationships with crypto clients, asserting that this runs counter to efforts to reduce the unbanked population. Hill's advocacy for change comes as he prepares to assume leadership at the FDIC, following the resignation of current Chairman Martin Gruenberg before the Trump administration's inauguration.

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