Gruenberg, who has served on the FDIC board for a record 17 years after working for Democrats on the Senate Banking Committee, has been a reliable proponent of tougher financial rules, though his position on cryptocurrencies hasn’t been fully fleshed out. In an October speech on crypto issues, he said stablecoins could have such a profound effect on the banking system that U.S. regulators need to make sure the digital tokens fit in without disruption.
Source: https://www.coindesk.com/policy/2022/11/14/white-house-goes-back-to-the-future-with-fdic-chair-pick-gruenberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines