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 the organization's 'de-banking' of cryptocurrency companies and expressed profound reflection and criticism on this matter.

Key points: Travis Hill pointed out that some cryptocurrency companies have been deprived of banking services without reasonable explanation. This practice not only damages the legitimate rights and interests of the companies but also goes against the original intention of FDIC to reduce the number of unbanked individuals. He made it clear that depriving law-abiding customers of their bank accounts is unacceptable.
Hill emphasized that the FDIC must take immediate action to ensure that staff are not pressuring banks to abandon law-abiding customers. This statement is undoubtedly a direct response to certain improper actions within the FDIC.
In addition, Travis Hill also harshly criticized the FDIC for being too cautious in the Crypto Assets field. He believes that this conservative stance not only stifles innovation but also hinders the healthy development of the financial technology industry. He calls on the FDIC to be more open and inclusive, providing a fair and transparent financial services environment for Crypto Assets companies.
It is worth noting that the leadership transition of FDIC is expected to officially begin on January 20th. This timing undoubtedly adds more uncertainty to the future policy direction of FDIC.
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