"Challenging the status quo: FDIC's Travis Hill defends the rights of crypto firms to fair banking services."

🚨 FDIC Interim Chair Criticizes Agency's Approach to Cryptocurrency Firms 🚨

According to Odaily, Travis Hill, the interim chair of the U.S. Federal Deposit Insurance Corporation (FDIC), has recently taken a strong stance against 'de-banking' practices targeting cryptocurrency companies. In a groundbreaking speech, Hill highlighted that several crypto-related businesses have lost banking services without clear reasons—a practice he firmly labeled as 'unacceptable.'

Hill emphasized the FDIC's mission to reduce the number of unbanked individuals and made it clear that denying lawful customers access to essential banking services contradicts this goal. He urged that FDIC staff must not pressure banks to terminate relationships with lawful crypto firms.

This bold statement marks a pivotal moment for the crypto industry, potentially paving the way for more inclusive financial services.

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