Banking Committee Moves Hill’s FDIC Nomination to Full Senate
Senate Banking Panel Pushes FDIC's Travis Hill Towards Full Confirmation Vote
The Senate Banking Committee voted along party lines, forwarding Acting Chair Travis Hill’s nomination to the full Senate for a concluding vote on whether he will secure the permanent position at the FDIC.
By Jesse Hamilton|Edited by Nikhilesh De Nov 19, 2025, 4:02 p.m.
What to know:
- The Senate Banking Committee voted 13-11 to move Travis Hill’s candidacy as head of the Federal Deposit Insurance Corp. to a conclusive vote by the entire Senate.
- Should Hill obtain that confirmation, President Donald Trump will secure another crypto-supportive regulator at the top of one of the crucial financial institutions.
The U.S. Senate Banking Committee furthered the confirmation process of Federal Deposit Insurance Corp. Acting Chairman Travis Hill on Wednesday, scheduling a final vote in the broader Senate that could potentially install Hill as the long-term leader of the banking authority, which maintains an active role in supervising the crypto space.
Senators voted strictly along party affiliations, 13-11, to report Hill’s nomination “favorably” to the Senate during a closed-door session of the committee. If the Senate ratifies his appointment, President Donald Trump will see yet another of his selections rise to the top of a monetary body – a regulator who has exerted a notable impact on the stability of crypto enterprises within the U.S.
The FDIC, among the chief banking regulators in the U.S., played a significant role in the “debanking” dispute, wherein the crypto sector accuses regulators of coercing banks into ending relationships with digital asset businesses and their executives. Hill has publicly recognized this situation and has aimed to undo it during his tenure as the FDIC’s temporary chief.
On Wednesday, Senate Banking Committee Chairman Tim Scott stated that Hill — a former staff member of that committee — is "eminently qualified for this critical post." However, Senator Elizabeth Warren, the panel’s leading Democrat, rebuked Hill for what she described as a lack of furnishing requested details regarding the agency’s internal initiatives to rectify the issues of workplace conduct and culture that arose under the preceding administration.
In his initial weeks overseeing the agency, Hill rescinded previous guidance that had hindered bankers from participating in crypto endeavors. He has upheld a pro-crypto perspective throughout his term, and he supported Coinbase in its endeavor to expose communications between the FDIC and banks concerning the obstruction of new digital assets business.
While Trump moved swiftly to secure a favorable leader at the Securities and Exchange Commission, Paul Atkins, his nominees for other agencies have not consistently been confirmed as rapidly. Among banking authorities, the Office of the Comptroller of the Currency did gain a new director in July through the confirmation of Jonathan Gould. Yet, the Commodity Futures Trading Commission faced a confirmation controversy, and the FDIC is nearing the completion of the administration’s initial year without a permanent chairman.
Read More: Trump Makes Travis Hill Pick Official as Choice to Run FDIC
