Travis Hill, interim chairman of the Federal Deposit Insurance Corporation (FDIC), recently admitted in a speech that the agency had "de-banked" cryptocurrency companies. He pointed out that some crypto-related companies had indeed lost bank services without any explanation and called this practice "unacceptable."
Travis Hill further stated: "The long-term goal of the FDIC is to reduce the number of people without bank accounts, and depriving law-abiding customers of their bank accounts is unacceptable." He also emphasized that the FDIC must ensure that no staff member can pressure banks to abandon law-abiding customers. In addition, he criticized the FDIC's current attitude towards cryptocurrencies, believing that the agency is too cautious and stifles innovation. It is reported that the leadership change of the FDIC is expected to begin on January 20. (CryptoSlate)