The FDIC is removing 'reputation risk' from its regulatory standards, which was previously used to sanction cryptocurrency companies

On March 25th, according to FOX Business reporter Eleanor Terrett, the Federal Deposit Insurance Corporation (FDIC) in the United States is removing "reputation risk" from its regulatory standards. The Federal Deposit Insurance Corporation is following the example of the United States Office of the Auditor General and removing this factor. Previously, this factor was used to provide a reason for legitimate businesses, including cryptocurrencies, to cancel banking services.