Hill, a former staffer at the Senate Banking Committee, has sought to rethink the banking regulator's previous resistance to crypto banking and has opposed any past FDIC connection to debanking customers from industries — such as the digital assets sector — that banks may consider risky. Hill will need to be confirmed by the Senate before he can take on the chairmanship officially. The Trump administration has been slow to install some of the key leaders at its financial regulators, including those with the most potential authority over crypto matters, such as the Commodity Futures Trading Commission. But even the agencies under temporary management have been pushing a pro-crypto agenda as Trump continues to hold the industry in favor. In March, Hill's FDIC reversed an earlier policy that required bankers to get prior government approval before taking on new crypto activities.