Regulation
US Should Soften Stance on Digital Assets, FDIC Vice Chair Says
- Travis Hill says regulators should be more clear with industry
- He says that tokenization could have significant benefits
Travis Hill
Photographer: Amanda Andrade-Rhoades/BloombergThis article is for subscribers only.
Travis Hill, the vice chairman of the Federal Deposit Insurance Corp., criticized US restrictions on banks handling digital assets for their clients.
Hill, the agency’s second-highest ranking person, said on Monday that officials should take a more proactive approach to blockchain technology. He said that regulators’ stance is stymieing innovation.