FDIC Vice Chair Travis Hill criticized past federal actions limiting banks' crypto involvement, calling for an end to restrictive practices like "pause letters" and Operation Chokepoint. He urged clearer guidelines for banks engaging with digital assets and better collaboration with the crypto sector. Hill emphasized balancing innovation with risk management, addressing concerns over regulatory overreach. His comments follow Coinbase's lawsuit against the FDIC, alleging unfair targeting of crypto. Hill also highlighted the need to reform Bank Secrecy Act enforcement to reduce banks' fear of penalties and account closures. Industry leaders and political figures support these changes.