U.S. FDIC Vice Chairman Calls for Bank Regulators to Issue New Digital Asset Guidelines

ChainCatcher news, according to CoinDesk, Travis Hill, the vice chairman of the Federal Deposit Insurance Corporation (FDIC), recently expressed criticism of the FDIC's stance on digital assets during a public speech and called for banking regulators to issue new guidelines for digital assets. Hill was appointed to the board by the Republicans two years ago, and he criticized the FDIC's role in pressuring banks to abandon crypto clients.

He stated, "The long-term goal of the FDIC is to reduce the number of unbanked individuals. It is unacceptable to deprive law-abiding customers of banking services, and regulators must work to put an end to this behavior. Anyone who overtly or covertly pressures banks to stop providing services to law-abiding customers has no place at the FDIC."

Current FDIC Chairman Martin Gruenberg has informed agency staff that he will resign on January 19 (the day before Trump's inauguration). In the absence of the chairman, Vice Chairman Travis Hill will temporarily assume the role of chairman.