Summary
Trump’s team is considering abolishing key banking regulators, including the FDIC and OCC, with plans to consolidate their functions under the Treasury Department.
Critics warn this could undermine public trust in banking, weaken deposit insurance protections, and risk another financial crisis.
The FDIC, established during the Great Depression, played a crucial role in managing the 2023 banking crisis.
Trump allies, backed by financial industry donors, are also targeting other consumer protections, reflecting sweeping deregulatory ambitions tied to Project 2025’s proposals.
Experts fear these moves could destabilize the economy.
Might as well take a gamble and put all my money in bitcoin if it’s not FDIC insured
Its not much of a gamble historically, as long as you’re willing to hold it for >5 years --the same advice holds for the stock market.
Trump Confirms Bitcoin Reserve Plans—$15 Trillion Price Boom Predicted.
That’s the plan.
Now that is the steal of the century if he pulls it off.
Everyone ready for 1+ trillion to go missing?