Trump's FDIC Chief Rethinks Crypto Guidance as U.S. Senators Probe Debanking
FDIC Acting Chairman Travis Hill said the agency is overhauling its crypto approach, just as U.S. senators examined regulators keeping banks out of crypto.
By Jesse Hamilton|Edited by Nikhilesh De
Updated Feb 5, 2025, 6:00 p.m. UTCPublished Feb 5, 2025, 5:43 p.m. UTC

Anchorage Digital CEO Nathan McCauley tells senators about U.S. regulators pressuring banks to sever crypto relationships. (Senate Banking Committee video capture)Read More
What to know:
The Federal Deposit Insurance Corp. is reevaluating its crypto supervision, according to Acting Chairman Travis Hill, and it's released documents in the meantime to further reveal its past communications with U.S. banks that discouraged crypto ties.
Less than two hours later, the Senate Banking Committee started a hearing to probe the U.S. regulators' crypto debanking activity.
Witnesses testified about being blocked from bank relationships because of regulatory pressure on crypto. $BTC
