According to the latest report from Odaily Planet Daily, Travis Hill, the acting chairman of the Federal Deposit Insurance Corporation (FDIC), publicly acknowledged for the first time in a highly anticipated speech that the agency has engaged in 'de-banking' behavior towards cryptocurrency companies, expressing profound reflection and criticism on this matter.🔥
🔍 Core points hit directly
The phenomenon of 'de-banking' draws attention: Travis Hill pointed out that some cryptocurrency companies have been deprived of banking services without reasonable explanation. This practice not only harms the legitimate rights and interests of enterprises but also contradicts the FDIC's goal of reducing the number of unbanked individuals. He clearly stated that it is unacceptable to deprive lawful customers of their bank accounts.
FDIC internal issues highlighted: Hill emphasized that the FDIC must take immediate action to ensure that staff do not pressure banks to abandon lawful customers. This statement is undoubtedly a direct response to certain improper behaviors within the FDIC.
Criticism of excessive caution: Moreover, Travis Hill harshly criticized the FDIC's overly cautious attitude towards the cryptocurrency sector. He believes that this conservative stance not only stifles innovation but also hinders the healthy development of the fintech industry. He called for the FDIC to be more open and inclusive, providing a fair and transparent financial service environment for cryptocurrency companies.
Leadership transition is imminent: It is noteworthy that the leadership transition of the FDIC is expected to officially begin on January 20. This timing undoubtedly adds more uncertainty to the future policy direction of the FDIC.
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