CoinVoice has recently learned that according to Cointelegraph, Martin Gruenberg, chairman of the U.S. Federal Deposit Insurance Corporation (FDIC), will resign due to the recent scandal at the FDIC.
It is reported that during his tenure, Martin Gruenberg pushed to prevent banks from holding crypto deposits or providing banking services to crypto companies. In 2022, he also compared crypto assets with high-risk financial innovations such as subprime mortgages and debt-backed bonds that led to the 2008 financial crisis in a speech.
The FDIC is an independent U.S. government agency that provides insurance for depositors in U.S. commercial banks and savings banks. [Original link]