TechFlow, October 2 — According to CoinDesk, on October 2, President Trump has officially nominated current acting chair Travis Hill to serve as chairman of the U.S. Federal Deposit Insurance Corporation (FDIC).
Hill, a former staff member of the Senate Banking Committee, has consistently supported crypto-friendly policies and strongly opposed "debanking."
In March this year, Hill led the FDIC in overturning its previous rule requiring banks to obtain government approval before launching new cryptocurrency-related activities. His nomination is subject to Senate confirmation.
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