Trump nominates Travis Hill as FDIC chair with pro crypto agenda
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US President Donald Trump has submitted the nomination of Travis Hill, the acting chair of the Federal Deposit Insurance Corporation (FDIC), to the Senate. Hill’s nomination has been received in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs, according to a congressional website. If approved, the government’s role will be in effect for a five-year term.The nomination of Hill, who has been advocating for crypto-friendly banking policies, comes as the US Securities and Exchange Commission (SEC) unveiled its rulemaking agenda for the upcoming month. These regulations could lead to broad proposals to revamp cryptocurrency regulations and reduce rules that Wall Street has decried as overly burdensome. The regulator formally outlined several of its initiatives to overhaul cryptocurrency policies, which SEC Chair Paul Atkins had previewed in July. Those include proposing rules regarding the offer and sale of digital assets, which the SEC said could include certain exemptions and safe harbors, as well as clarifying how its broker-dealer rules apply to cryptocurrency. Hill pushes FDIC toward pro-crypto rules as SEC eyes digital asset reforms According to congressional records, Trump’s nomination of Travis as FDIC chair was sent to the Senate Banking Committee on Tuesday. Initially, he served as a senior adviser to then-FDIC Chairman Jelena McWilliams during Trump’s first term. Before taking up his role at the FDIC, Hill stated that the department should offer additional guidance on digital assets and tokenization. He also pushed back on allegations of US authorities debanking companies due to their ties to crypto. In March, he wrote a letter aimed at financial institutions, clarifying that banks could engage with digital assets as a ”permissible activity.” “I expect this to be one of several steps the FDIC will take to lay out a new approach for how banks can engage in crypto-…
Filed under: News - @ October 1, 2025 11:25 pm