Here is the English translation: According to a report in The Wall Street Journal, Travis Hill, the acting chairman of the Federal Deposit Insurance Corporation (FDIC) who may be nominated by President-elect Trump, revealed a lenient regulatory approach towards cryptocurrencies in a public speech on January 10, hinting at encouraging and protecting the development of the cryptocurrency industry.

Encouraging FDIC's Open Attitude Towards Cryptocurrencies

According to the transcript of Hill's speech provided by The Wall Street Journal, Hill explicitly stated that the FDIC's current handling of digital assets has "stifled innovation," and he believes the FDIC should adopt a more open attitude towards the adoption of cryptocurrencies and Block technology, and provide clear guidance on what activities are permitted. At the same time, Hill also expressed his views on the issue of "de-banking," stating that the FDIC's mission is to reduce the number of unbanked Americans, and that depriving customers of access to banking services is unacceptable, including actions to de-bank cryptocurrency companies:

The FDIC will absolutely not allow anyone, either explicitly or implicitly, to demand that banks stop serving lawful customers.

De-banking refers to the restriction of financial services to specific industries, such as some cryptocurrency companies being denied services by banks, including opening bank accounts, deposits, and transfers, due to regulatory issues. In addition to emphasizing the issues of cryptocurrencies and de-banking, Hill also responded to the following issues in his speech:

• Bank Regulation: FDIC examiners need to avoid overly focusing on process-related issues, as Hill believes that excessive focus on processes has distracted regulatory agencies from reflecting on the reasons for the collapse of Silicon Valley Bank in 2023. The focus of regulators should be on safety and soundness.
• Capital Requirements: Hill also stated that he does not want to repeat the mistakes of his predecessor, and he supports a redesign of capital requirements, specifically that he does not intend to require banks to significantly increase their capital reserves in the face of an economic downturn.
• Climate: Hill stated that the FDIC may not issue any quantitative or qualitative climate disclosure requirements for US banks, and that the FDIC will withdraw from the Network for Greening the Financial System.

In summary, as Trump is set to take office this month, Hill has revealed a more lenient attitude towards bank regulation and support for emerging technologies.