FDIC Vice Chair urges more open approach to crypto, slams 'Choke Point-like tactics'

FDIC Vice Chair Travis Hill said he expects the agency, which insures deposits in U.S. banks, to take a more “open-minded approach” to technology and called for more guidance on digital assets in a speech posted on Friday.Hill’s remarks follow concerns from some in the crypto industry that the FDIC had asked financial institutions to pause crypto-related activity.