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.
Invest in crypto. Trump was they keynote at the bitcoin conference this year.
People are more worried about day to day living expenses than investment. I live in a major city and maybe 1% of the businesses accept crypto. Zero grocery stores do.
You can use crypto anywhere that accepts paypal or visa
Those have the same custodial risk as a bank account. Not your keys, not your coins.
You keep hold of your keys. Only a small proportion of your assets are accessible by the payment providers.