"Any changes to the FDIC, an independent agency created in the Great Depression era that insures banking customers' deposits, would be controversial, to say the least."
"The Trump transition team is looking at ways to either reform, reorganize or completely eliminate the FDIC, raising concerns about the safety of customers' deposits and the potential for economic instability."
"Individuals seeking roles in the incoming administration are being asked if they believe the FDIC can change, which suggests a possible agenda to re-evaluate its function amidst growing support for cryptocurrency."
"It's unclear why the Trump team would want to dismantle or change the FDIC; however, the inquiries could relate to broader financial trends influenced by figures like Elon Musk."
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