FDIC Removes ‘Reputational Risk,’ Easing Banking Access for Crypto

The Federal Deposit Insurance Corporation (FDIC) has eliminated “reputational risk” from its bank supervision criteria, a policy shift that could make it easier for crypto firms to access banking services. In a post on X, the U. S. Senate Banking Committee confirmed the FDIC’s decision, stating that it follows the passage of Senator Tim Scott’s Financial Integrity and Regulation Management (FIRM) Act, which aims to eliminate reputational risk considerations across all federal banking regulators source: https://news.shib.io/2025/03/26/fdic-removes-reputational-risk-easing-banking-access-for-crypto/?utm_source=rss&utm_medium=rss&utm_campaign=fdic-removes-reputational-risk-easing-banking-access-for-crypto