New FDIC Leadership May Improve Bank-Crypto Interactions
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US financial institutions might see improved interactions with digital asset companies under the proposed FDIC leadership. Christy Goldsmith Romero, FDIC Chair nominee, suggests banks should provide services to digital asset companies, challenging prior restrictions. Coinbase’s Chief Policy Officer underscored the importance of this statement and cautioned about potential change without White House directives. The crypto sector has faced challenges like Operation Chokepoint 2.0, and banks restricting services due to perceived risks. However, some entities, including Coinbase, are pushing back against these restrictions.
Source: beincrypto.com ↗
