Tim Scott, Chairman of the U.S. Senate Banking Committee, is pushing legislation to prohibit banking regulators from using "reputational risk" as a reason to influence banks' business decisions. The bill, called the Financial Integrity and Regulatory Management Act (FIRM Act), aims to prevent regulatory agencies from politically interfering with the banking services of legitimate businesses, particularly in the face of bank account closures in the cryptocurrency industry. Scott emphasized that ending "de banking" is one of his priorities and criticized regulatory agencies for abusing the concept of "reputation risk". (CoinDesk) https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39057