FDIC ends use of reputational risk criteria, Crypto Czar calls it ‘a big win’

The Senate Banking Committee announced on March 25 that the Federal Deposit Insurance Corporation (FDIC) will eliminate reputational risk as a component of bank supervision. White House “Crypto Czar” David Sacks said the FDIC’s decision was a significant correction, and called it “a big win for crypto. source: https://cryptoslate.com/fdic-ends-use-of-reputational-risk-criteria-crypto-czar-calls-it-a-big-win/