FDIC Introduces Major Reforms for Bank Formation, Crypto Oversight, and Resolution Preparedness

The Federal Deposit Insurance Corporation (FDIC) is unveiling a set of significant regulatory changes to encourage new bank formation, bolster oversight of cryptocurrency, and enhance the agency’s preparedness for potential large-scale bank failures. FDIC Chair Travis Hill outlined these reforms during his address to highlight the agency’s approach to navigating financial innovation while safeguarding stability.