FDIC Nominee Travis Hill Advances to Senate Vote Amid Crypto Policy Shift
The Senate Banking Committee approved Travis Hill’s nomination to lead the FDIC in a 13-11 vote, sending it to the full Senate. Hill, currently acting chairman, has emerged as a pivotal figure in reshaping the agency’s approach to financial innovation—particularly in digital assets.
Republicans view Hill as a modernizer who will streamline bank oversight and foster fintech growth. Democrats remain wary, concerned his policies could weaken depositor protections and financial stability safeguards.
Under Hill’s interim leadership, the FDIC has already begun recalibrating crypto policies. The agency rolled back prior guidance that required banks to seek special approval for cryptocurrency activities. Hill advocates judging banks on quantifiable risks rather than subjective ‘reputational risk’ metrics—a stance that could accelerate institutional crypto adoption.
