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    QONEQT in Crypto News

    15-Nov-2022 06:25 AM


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    US President Biden announces pick for FDIC chair

    United States President Joe Biden announced he would be nominating Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin Gruenberg to assume the position as part of a five-year term.
    In a Nov. 14 announcement, President Biden said he intended to nominate Gruenberg, who has previously served as acting FDIC chair from 2005 to 2006, 2011 to 2012, and from February 2022 to the present.
    Gruenberg assumed the temporary position following the resignation of former Chair Jelena McWilliams.
    Under his leadership, I am confident that the FDIC will work to ensure that banks serve the needs of American families, not just bank executives. —
    In October, the acting head suggested that stablecoins used for payments merited further consideration by the FDIC.
    Gruenberg will testify before the Senate Banking Committee on Nov. 15 and the House Financial Services Committee on Nov. 16 on the oversight of financial regulators in the United States.

    Source - Coin Telegraph

    #uspresident #biden #fdic