According to ChainCatcher, Martin Gruenberg, chairman of the U.S. Federal Deposit Insurance Corporation (FDIC), will resign due to the recent scandal at the FDIC.
While in office, Martin Gruenberg pushed to prevent banks from holding crypto deposits or providing banking services to crypto companies. In 2022, he also compared crypto assets to high-risk financial innovations such as subprime mortgages and collateralized debt obligations that led to the 2008 financial crisis in a speech.
The FDIC is an independent U.S. government agency that insures depositors in U.S. commercial banks and savings banks.
