Travis Hill appointed as Acting Chairman of the FDIC, aims to improve collaboration with cryptocurrency technology.

According to Wu, Travis Hill has been appointed as the acting chairman of the Federal Deposit Insurance Corporation (FDIC) and announced the work priorities for the coming months, which include promoting an open attitude towards fintech, digital assets, and tokenization, enhancing transparency; striving to ensure that law-abiding customers can access bank accounts and banking services without losing these rights; modernizing the implementation of the Bank Secrecy Act; ensuring that the FDIC fulfills its statutory duties and ceases overreach. Previously, Hill called for an end to practices similar to "Operation Choke Point" and to reevaluate the implementation of the Bank Secrecy Act to reduce the phenomenon of banks closing accounts due to high penalties for non-compliance. He also committed to improving collaboration with cryptocurrency technologies.