According to market news, an internal memo shows that Martin Gruenberg, director of the Federal Deposit Insurance Corporation (FDIC), will retire in January 2025.

Martin Gruenberg previously stated that cryptocurrencies may pose risks to the banking industry, requiring banking institutions to consider the risks posed by cryptocurrencies and "determine the extent to which banking organizations can safely participate in crypto-asset-related activities." He also called for more restrictions on the issuance of stablecoins and suggested that stablecoins be restricted to licensed blockchains.