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US FDIC Vice Chairman Calls on Banking Regulators to Issue New Digital Asset Guidelines
Editor
2025-01-14 04:02 4,236
Golden Finance reported that Travis Hill, vice chairman of the U.S. Federal Deposit Insurance Corporation (FDIC), criticized the FDIC’s stance on digital assets in a recent public speech and called on banking regulators to issue new digital asset guidelines. Hill, who was appointed to the board by Republicans two years ago, has criticized the FDIC’s role in pressuring banks to abandon crypto clients. "The FDIC's long-term goal is to reduce the number of unbanked people," he said. "Depriving law-abiding customers of banking services is unacceptable, and regulators must work to stop it. Anyone who overtly or covertly forces banks to stop serving law-abiding customers It has no place at the FDIC.” Current FDIC Chairman Martin Gruenberg has informed agency employees that he will resign on January 19, the day before Trump’s inauguration. In the absence of the Chairman, Vice Chairman Travis Hill will serve as Chairman on an interim basis.
Keywords: Bitcoin
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