By Tonya Evans. (Forbes). January 13, 2025.
The Federal Deposit Insurance Corporation (FDIC), once a trusted pillar of financial stability, now finds itself navigating the turbulent waters of innovation and regulatory reform. Recent remarks by FDIC Vice Chairman Travis Hill have ignited fresh debates over the agency’s approach to financial inclusion, cryptocurrency, and what critics have dubbed “Operation Chokepoint 2.0.” This latest iteration of debanking practices—seemingly targeting the crypto industry—has resurfaced as a flashpoint in the broader struggle between traditional financial institutions and the burgeoning world of digital assets.
Read more here: Forbes.