TechFlow reported on January 14 that according to CoinDesk, FDIC Vice Chair Travis Hill recently criticized the agency's stance on digital assets during a public speech and called for banking regulators to issue new guidance on digital assets. Appointed by Republicans to the board two years ago, Hill criticized the FDIC’s role in pressuring banks to drop cryptocurrency clients. He stated, “The FDIC’s long-standing goal is to reduce the number of unbanked individuals. It is unacceptable to deprive law-abiding customers of banking services. Regulators must work to stop such practices, and anyone who explicitly or implicitly forces banks to cease serving lawful customers has no place at the FDIC.” Current FDIC Chair Martin Gruenberg has informed agency staff he will resign on January 19, the day before Trump’s inauguration. In the chair’s absence, Vice Chair Travis Hill will temporarily assume the role of acting chair.
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