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@ CoinDesk - by layer3.news
2025-03-06 17:46:10
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✍️ US Senator Tim Scott is championing a bill to cut out federal banking regulators' ability to use 'reputational risk' as a reason to steer banks away from crypto businesses and leaders.
👉 Senator Tim Scott is championing a bill to cut out federal banking regulators' ability to use 'reputational risk' as a reason to steer banks away from crypto businesses and leaders.
👉 The bill aims to end the practice of debanking, which has been criticized by Republicans as a problem area.
👉 Senator Scott has rounded up fellow Republicans to back the bill, which eliminates references to reputational risk in regulatory supervision.
#TimScott #CynthiaLummis #ElizabethWarren #politics
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