$ETH

🇺🇸 FDIC MOVES TO END 'REPUTATIONAL RISK' RULE

Regulatory Shift: FDIC to eliminate "reputational risk" as a supervisory tool, easing banking access for crypto firms.

Political Pressure: Move follows push from crypto industry & lawmakers, citing unfair debanking practices.

FIRM Act Progress: Senate committee advanced Sen. Tim Scott's bill to codify this change across all federal regulators.

Broader Impact: Part of efforts to reverse "Operation Choke Point 2.0", which limited banking for certain industries.

-The Block $BTC