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FDIC Acting Chair Says Crypto-Related Regulations for Banks Will Be Revamped

The agency releases 175 documents that demonstrate history of regulatory resistance toward financial institutions pursuing the new currencies.
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FDIC Acting Chair Says Crypto-Related Regulations for Banks Will Be Revamped
The Federal Deposit Insurance Corporation seal outside its headquarters in Washington on March 14, 2023. Manuel Balce Ceneta/AP Photo
Chase Smith
Updated:
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The Federal Deposit Insurance Corporation (FDIC) released 175 documents on Wednesday that reveal a history of regulatory resistance to crypto-related products and services.

Acting Chairman Travis Hill, who has been openly critical of the FDIC’s stance on cryptocurrency and blockchain, said in a statement that the agency is reassessing its approach.
Chase Smith
Chase Smith
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Chase is an award-winning journalist. He covers national news for The Epoch Times and is based out of Tennessee. For news tips, send Chase an email at [email protected] or connect with him on X.
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