FDIC Removes ‘Reputational Risk,’ Easing Banking Access for Crypto
Published:
2025-03-26 14:45:41
The Federal Deposit Insurance Corporation (FDIC) has eliminated “reputational risk” from its bank supervision criteria. This policy shift could make it easier for crypto firms to access banking services. 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. The FIRM Act aims to eliminate reputational risk considerations across all federal banking regulators.
By:
|Square
Get the BTCC app to start your crypto journey
Get started today
Scan to join our 100M+ users