David Sacks (@davidsacks47): Big win for crypto: @FDICgov is following @USOCC's lead in removing “reputational risk” as a factor in bank supervision. “Reputational risk” may sound…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Big win for crypto: @FDICgov is following @USOCC's lead in removing “reputational risk” as a factor in bank supervision. “Reputational risk” may sound good in theory, but it was defined as “the potential that negative publicity regarding an institution’s business practices,… Quote [@BankingGOP](https://www.twitter.com/BankingGOP/status/1904354577853370671) > 📰 NEWS: The @FDICgov is going to eliminate the use of reputational risk as a component of bank supervision. > > This follows the Committee’s passage of @SenatorTimScott’s FIRM Act, which would codify the elimination of reputational risk across all federal banking regulators. Quote [@BankingGOP](https://www.twitter.com/BankingGOP/status/1904354577853370671) > 📰 NEWS: The @FDICgov is going to eliminate the use of reputational risk as a component of bank supervision. > > This follows the Committee’s passage of @SenatorTimScott’s FIRM Act, which would codify the elimination of reputational risk across all federal banking regulators.