Former FDIC Chair Sheila Bair Says Administration Favors Crypto Industry
Sheila Bair, former head of the FDIC (U.S. bank regulator), describes current policies as mixed for banks but supportive of cryptocurrency businesses.
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Terms & Concepts
FDIC (U.S. bank regulator): The Federal Deposit Insurance Corporation, an independent U.S. agency that insures deposits and oversees financial institutions.
Crypto industry: The sector encompassing businesses and technologies related to cryptocurrencies and blockchain systems.