U.S. Senate Leader Praises FDIC's Crypto Oversight Efforts

According to Odaily, Cynthia Lummis, the chair of the U.S. Senate Banking Subcommittee on Digital Assets, expressed her satisfaction on the X platform regarding the swift and effective release of crypto oversight documents by the Federal Deposit Insurance Corporation (FDIC). She extended her gratitude to Chairman Hill and U.S. President Donald Trump for their commitment to transparency, stating that efforts are underway to end Chokepoint 2.0. Previously, the FDIC had issued documents related to the supervision of crypto-related activities and announced an active reassessment of its oversight methods concerning these activities.