This one hits close to home In 2022, legal told us not to apply to JPM, Citi or BofA. Big banks were off limits It took us over a month to open a bank account We had to tell investors to hold wires, even delay some critical early hiring Thank you @SenLummis 🥹
Senator Cynthia Lummis
Senator Cynthia Lummis24.6.2025
In February, I exposed the Fed’s aggressive reputation risk policies that assassinated American bitcoin & digital asset businesses. Today, the Fed announced it will scrap reputation risk as a factor in its bank supervision. This is a win, but there is still more work to be done.
883