US President Donald Trump nominated Travis Hill as FDIC chair for a five-year term, awaiting Senate consideration. Hill advocates for clearer guidance on digital assets and criticized US authorities debanking crypto-tied companies. He clarified that banks can engage in digital assets as a “permissible activity.” Previous chair Martin Gruenberg resigned in January.

Despite nominating Hill, Trump has yet to name replacements for key financial regulators. The Senate Banking Committee has not scheduled hearings due to the government shutdown, expected to last until next week. The CFTC lacks a chair and commissioners, while the SEC has a vacant Democratic commissioner seat since January.

Read more at Cointelegraph: Trump Nominates Acting FDIC Chair to Officially Head the Agency