FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity
Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill criticized the United States Securities and Exchange Commission’s (SEC) controversial SAB 121 while saying that the FDIC’s regulatory approach has “significant downsides” in remarks given on March 11.
Speaking at the Mercatus Center at George Mason University, Hill particularly took issue with the FDIC’s lack of regulatory clarity, which he argued “contributed to a general public perception that the FDIC is closed for business if institutions are interested in anything related to blockchain or distributed ledger technology.”
Vice Chairman of FDIC criticizing U.S. restrictions on banks handling cryptocurrency #bitcoin $mstr $mara $riot $coin $jpm:
Travis Hill, vice chairman of FDIC, criticized US restrictions on banks handling digital assets for clients.
Hill, agency’s 2nd ranking person, said…
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