Who is Travis Hill, the pro-crypto topic for Trump’s permanent FDIC president?

US President Donald Trump has appointed Representative Federal Deposit Insurance Company (FDIC) Chairman to lead bank regulators forever.

Under his acting leadership, Hill demonstrated an overall crypt-friendly stance. He has a track record of conflicting policies he viewed as an attempt to condemn the industry.

Hiltap suggests a lighter regulation promise

Trump has taken the hill to forever lead the FDIC, an independent institution responsible for maintaining stability in the US financial system and ensuring bank deposits.

If confirmed by the US Senate, Hill is widely expected to maintain lightweight enforcement of banking activities. This scenario will allow US banks to engage more in crypto-related services.

Course reversal: relax banking and crypto scrutiny

Travis Hill is the acting chairman of the FDIC. He has been in that role since Trump appointed him after taking office in January 2025. Before that, he served as Vice President of the FDIC in 2023.

His first tenure at the agency was during Trump’s first term, and he was then senior adviser to Jelena McWilliams.

Under the Hill, the FDIC has taken steps to ease regulatory oversight.

In March, it overturned Biden-era policies that imposed strict scrutiny due to mergers involving major banks. The regulator also announced that banks can participate in crypto-related activities without seeking prior approval.

The change represents a significant change in US banking policy. Previously, it effectively removed significant obstacles that previously restricted the capabilities of large financial institutions on Wall Street to tackle digital assets.

Hill’s pushback against excessive regulation

Hill has also spoken out about his opposition to “snapping” that arises when banks cut relationships with customers from sectors they see as dangerous, such as crypto companies.

He publicly opposed the accusations that federal agencies officially ordered banks to cut ties with crypto-related companies.

The acting chairman criticized the FDIC’s previous oversight methods and observed that he cultivated a widespread belief that he did not want to cooperate with banks exploring blockchain-related activities.

“I spoke to the past about damaging this approach because it has curtailed innovation and contributed to the public’s perception that FDIC is closed for business if an agency is interested in something related to blockchain or distributed ledger technology.”

Hill has launched policy changes to remove “reputation risks” from factors used by FDIC supervisors when evaluating banks.

This was intended to eliminate the basis of oversight pressure that critics argued previously was used to unfairly prevent financial institutions from serving legal businesses involved in digital assets.

Who is Travis Hill, Trump’s custody pick for Trump’s permanent FDIC chairman? It first appeared in Beincrypto.