President Donald Trump has appointed Travis Hill as the acting head of the Federal Deposit Insurance Corporation (FDIC). Following his appointment, Hill outlined his priorities for the agency, emphasizing a more open-minded approach toward financial technology and digital assets. He indicated that the FDIC would withdraw proposals aimed at tightening regulations on 'hot money' and bank board requirements. Hill's agenda aims to promote a robust economic growth over the coming months, which has raised concerns among some observers about the potential risks to Americans' savings and financial stability, particularly regarding the prioritization of fintech and cryptocurrency over traditional depositor protections.