FDIC Vice Chairman Calls for Clear and Transparent Crypto Regulation Following Trump Inauguration

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The vice chairman of the Federal Deposit Insurance Corporation says the regulator needs a “new direction” – and that he expects it to begin later this month. In a new speech , Vice Chairman Travis Hill acknowledges that the FDIC sent “pause” letters to over 20 banks, asking them to stop doing business with crypto firms – a revelation unearthed from a Freedom of Information Act (FOIA) request submitted by digital asset exchange Coinbase. According to Coinbase Chief Legal Officer Paul Grewal, the ...