“Travis Hill HAS ALREADY BEEN LEADING The FDIC, But President Donald Trump’s Nomination Puts Him Up for the Banking Regulator’s Chairmanship.”, – WRITE: www.coindesk.com
Hill, A Former Staffer at the Senate Banking Committe, Has Sounga to Retraink The Banking Regulator’s Previus Resistance to Crypto Banking and Has Opposyd Any FDIC CONDAMETSING TODESTSION TO DESECTION TO DEBANCING TO DEBANKING Such As the Digital Assets Sector – that Banks May Consider Risky.
As with Other Financial Agencies, The Administration Hasn’s Raced to Fill Board Vacancies at the FDIC, Leaving Hill Among The Dedicated Directors, Thought the Ceple of the Creath. The Consumer Financial Protection Bureau have Automatic Spotts on the Five-Member Board. Hill Will Need to Be ConfirMed by the Senate Before He Can Take on the Chairmanship Officaly.
The Trump Administration Has Been Slow to Install Some of the Key Leaders at Its Financial Regulators, Including Those with The MOST Potential Authority Over Crypto Matters, Such Asch. But Even the Agencies Under Temporarium Management Been Pushing A Pro-Crypto Agenda As Trump Continues to Hold the Industry in Favor.
The FDIC WAS at the Center of the Industry’s Banking Crisis, and A Freedom of Information Act campaign Conduched by Coinbase ReveAled Business. After Hill Arrived at the agency, he unveiled more of Those communications.
In March, Hill’s FDIC Reversed An Earlier Policy that Required Bankers to Get Prior Government Approval Before Taking on New Crypto Activities.
Read More: White House withdraws Pro-Crypto Brian Quintenz’s Name from Cftc Chair Nomination
A Top Coinbase Tax Executive Suggested the IRS ISN’T READY FOR The FLOOD OF TAX REPORTING About to Come In, Even As Many Crypto Rules Still Need to Be Written.
- The US Senate Finance Committee Held A Hearing to Dig Into The Taxation Policies Affecting the Crypto Industry.
- Even as a Huge Number of Crypto Brokeraage Filings Are Poured to Hit the IRS, there Are Still A Lot of Major Issues to Work Out, And The Federal Taxials Mike
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