Trump Nominates Travis Hill as FDIC Chair, Signaling Potential Shift in Crypto Banking Policy

President Donald Trump has formally nominated Travis Hill, the acting chairman of the Federal Deposit Insurance Corporation (FDIC), to lead the agency permanently. Hill, a former Senate Banking Committee staffer, has been critical of the FDIC's historical resistance to cryptocurrency banking and has opposed debanking practices targeting high-risk sectors like digital assets.

The nomination comes as the Trump administration lags in appointing key financial regulators, including those overseeing crypto markets. Despite interim leadership, agencies like the FDIC have advanced pro-crypto agendas, aligning with Trump's favorable stance toward the industry.

Hill's confirmation WOULD place a crypto-sympathetic official at the helm of the FDIC, which played a central role in the recent banking crisis affecting digital asset firms. His leadership could reshape policies around bank access for crypto businesses.