Travis Hill, acting FDIC chairman appointed by President Trump, stated that the FDIC deliberately hindered banks from handling crypto businesses by resisting requests, demanding more information, and directing them to pause or suspend crypto activities

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Travis Hill, acting FDIC chairman appointed by President Trump, stated that the FDIC deliberately hindered banks from handling crypto businesses by resisting requests, demanding more information, and directing them to pause or suspend crypto activities

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12:00am, Wednesday, February 5, 2025

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Hill, who will run the FDIC until Trump puts forward a permanent candidate, characterized the agency as deliberately making it impossible for banks to handle crypto business
Requests from these banks were almost universally met with resistance, ranging from repeated requests for further information, to multi-month periods of silence as institutions waited for responses, to directives from supervisors to pause, suspend, or refrain from expanding all crypto- or blockchain-related activity

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Crypto news

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