President Donald Trump has nominated Travis Hill, the acting Chairman of the Federal Deposit Insurance Corporation (FDIC), to assume the role permanently. Hill, who has been in the acting position since January 2025, is recognized for his supportive stance towards cryptocurrency. He has previously opposed restrictive policies on banks' involvement with crypto, advocating for a more open regulatory environment. If confirmed by the Senate, Hill is expected to continue easing regulatory oversight, potentially reversing policies from the Biden administration that imposed stricter scrutiny on bank mergers. He also aims to allow banks to offer crypto services without needing prior approval, a move that could significantly impact the banking sector's engagement with digital assets. Hill has criticized the FDIC's previous cautious approach to blockchain activities, viewing it as a hindrance to innovation.