In a speech delivered on Friday, Travis Hill, vice chairperson of the Federal Deposit Insurance Corporation (FDIC), said the FDIC will take a more "open approach" to technology and called for more guidance on digital assets. It is reported that Travis Hill, who is preparing to serve as acting chairperson of the FDIC and is currently vice chairperson, was nominated as a Republican member of the FDIC in 2022. Travis Hill's comments come after some in the crypto industry are concerned that the FDIC has asked the Financial Institution Group to suspend crypto-related activities. Coinbase, through consulting firm History Associates Inc., sued the FDIC in June and accused the agency of trying to sever ties between the crypto industry and the banking industry. The lawsuit also asks the FDIC to issue a "suspension letter". "I have spoken in the past about the disruptive nature of this practice because it stifles innovation and has led the public to believe that if institutions are interested in anything related to blockchain or distributed ledger technology, the Federal Deposit Insurance Corporation (FDIC) will cease operations," he said.