President Trump Nominates Travis Hill as FDIC Chair in Pro-Crypto Banking Move

President Donald Trump has officially nominated acting FDIC Chairman Travis Hill for the permanent leadership role, signaling a significant shift toward crypto-friendly banking policies. Hill, previously a Senate Banking Committee staffer, has consistently challenged the FDIC's historical resistance to cryptocurrency banking and opposed debanking practices targeting digital asset businesses. While awaiting Senate confirmation, Hill's tenure has already seen notable changes including the reversal of policies requiring government pre-approval for crypto activities and increased transparency through public disclosure of FDIC-bank communications. The Trump administration's deliberate pace in filling financial regulator positions hasn't slowed the advancement of pro-crypto agendas, with Hill's nomination representing continued White House support for the digital assets industry following the recent banking crisis where FDIC scrutiny of crypto businesses came under spotlight.