O, noble Donald Trump, who doth appoint his loyal servant, Travis Hill, to lead the FDIC with a wink and a nod to digital gold! 🎩
Under his acting leadership, Hill hath shown a crypto-friendly disposition, much to the delight of digital gold miners! 🏦💰
Hill Tap Suggests Promise of Lighter Regulation? 🕯️
Trump, ever the schemer, hath tapped Hill to lead the FDIC, that fickle agency tasked with guarding the financial realm. 🕵️♂️
If confirmed by the Senate, Hill is expected to loosen the reins, allowing banks to dabble in crypto without fear of the FDIC’s scowls. 🚫
Reversing Course: Easing Scrutiny on Banks and Crypto? 🔄
Travis Hill, the FDIC’s acting chairman, hath served since Trump’s 2025 coronation. Before that, he was Vice Chairman, a title as grand as a donkey’s crown. 🐴
His tenure began under Trump’s first reign, where he was a mere adviser to Jelena McWilliams, a woman of questionable taste in hats. 🎩
Under Hill, the FDIC hath relaxed its grip, reversing Biden’s strict merger rules. Banks may now dabble in crypto without seeking permission-what a revolutionary act! 🚀
This shift, a key move in US banking policy, doth remove a significant obstacle, allowing Wall Street to chase digital assets like a dog after a squirrel. 🐕
Hill’s Pushback on Regulatory Overreach? 🤬
Hill, ever the champion of the crypto crowd, doth rail against “debanking,” that heinous act of banks cutting ties with risky clients. 🤝
He scoffs at the notion that federal agencies commanded banks to sever crypto ties-what a farce! 🎭
Incoming FDIC interim chair Travis Hill confirms regulatory-driven debanking. OCP2.0 = real. Says the FDIC will clean house.
– nic carter (@nic__carter) January 10, 2025
The acting chairman criticizes the FDIC’s old methods, which fostered a belief that the agency was closed to blockchain lovers. 🧠
“I have talked in the past about how damaging this approach hath been, as it hath stifled innovation and contributed to a public perception that the FDIC is closed for business if institutions are interested in anything related to blockchain or distributed ledger technology,” Hill said in a speech before assuming his role as acting chairman.
Hill hath changed policy to remove “reputational risk” from supervisors’ considerations-what a bold move! 🌟
It was meant to eliminate a basis for pressure that critics argue was used to unfairly discourage banks from serving legal crypto businesses. 🚫
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2025-10-02 22:07