FDIC nominee Goldsmith Romero says banks can custody digital assets
The Federal Deposit Insurance Corporation Chair nominee stated her position amid the failure of Congress to overturn the SAB-121 veto.
During a hearing on July 11, Christy Goldsmith Romero, the nominee for the head of the Federal Deposit Insurance Corporation (FDIC), testified to Congress that banks should be allowed to custody crypto assets.
When prompted by Senator Cynthia Lummis (R-WY), the FDIC nominee responded that [crypto is] “another business just like any other business,” before explaining her belief that it is not the FDIC’s role to instruct banks on which assets to custody or hold.
The Digital Chamber, a Washington, DC-based crypto advocacy group, previously expressed interest in Christy Goldsmith Romero’s nomination. In a letter to the Senate Committee on Banking, Housing, and Urban Affairs, it cited her forward-looking stance on the crypto industry.
The Federal Deposit Insurance Corporation Chair nominee stated her position amid the failure of Congress to overturn the SAB-121 veto.
During a hearing on July 11, Christy Goldsmith Romero, the nominee for the head of the Federal Deposit Insurance Corporation (FDIC), testified to Congress that banks should be allowed to custody crypto assets.When prompted by Senator Cynthia Lummis (R-WY), the FDIC nominee responded that [crypto is] “another business just like any other business,” before explaining her belief that it is not the FDIC’s role to instruct banks on which assets to custody or hold.The Digital Chamber, a Washington, DC-based crypto advocacy group, previously expressed interest in Christy Goldsmith Romero’s nomination. In a letter to the Senate Committee on Banking, Housing, and Urban Affairs, it cited her forward-looking stance on the crypto industry.Read more