President-elect Donald Trump’s advisers and The Office of Government Ethics (DOGE) are considering doing away with the FDIC, according to a report from the Wall Street Journal. Trump’s advisors are said to have asked candidates for top banking regulatory posts whether such a move is feasible. The discussions also reportedly include the possibility of restructuring other major federal bank regulators, including the U.S. central bank, the Federal Reserve, as well as the FDIC and the Office of the Comptroller of the Currency (OCC). This is a significant development, as these agencies play a vital role in ensuring the stability of the financial system and protecting consumers. It remains to be seen whether Trump will follow through on these plans, but the news has already sent shockwaves through the banking industry.