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FDIC Vice Chairman denounces ‘choke point-like’ tactics

Travis Hill condemned what he termed as ‘Choke Point-like tactics’ by the FDIC against crypto businesses. He emphasized the importance of a new approach supporting digital assets and highlighted failures in current bank supervision practices.

Hill called for hiring tech-savvy staff and returning to previous favorable policies regarding crypto. He decried instances of law-abiding customers losing bank access without cause, asserting that regulators must end such practices.

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