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Federal officials are shifting away from a controversial banking oversight tool after sustained criticism from lawmakers and the crypto industry. White House Crypto Czar David Sacks hailed a regulatory shift on March 25, highlighting that the Federal Deposit Insurance Corporation (FDIC) will no longer use “reputational risk” as a criterion in bank supervision. The move aligns with guidance from the U.S. Office of the Comptroller of the Currency (OCC) and follows mounting pressure from policymakers and crypto advocates. Sacks took to social media platform X to express his support: Big win for crypto: FDIC is following OCC’s lead in removing ‘reputational risk’ as a factor in bank supervision. He explained that the concept had been manipulated to target digital asset firms: “‘Reputational risk’ may sound good in theory, but it was defined as ‘the potential that negative publicity regarding an institution’s business practices, whether true or not, will cause a decline in the customer base, costly litigation, or revenue reductions.'” He clarified: “In practice, this vague and subjective criteria was used to justify the debanking of lawful crypto businesses through Operation Chokepoint 2.0. Banking criteria should be objective and quantitative, not based on the potential for untrue stories.” His remarks referenced Operation Chokepoint 2.0, a term used by crypto proponents to describe what they claim was a covert effort by regulators to limit banking access for cryptocurrency companies. U.S. Senator Tim Scott introduced the Financial Integrity and Regulation Management (FIRM) Act earlier this month to prohibit the use of “reputational risk” in federal banking oversight. The bill aims to prevent regulators from using subjective criteria to influence banks’ decisions on serving legally operating businesses. Republican members of the Senate Banking Committee announced on March 24 that the FDIC will eliminate reputational risk from bank supervision, stating on X: “The FDIC is going to eliminate the use of reputational risk as a component of bank supervision.” The committee said the move follows the advancement of the FIRM Act, which seeks to codify the policy across all federal financial regulators. Sacks thanked Senator Scott for championing the legislation, writing on X: “Thank you … for your leadership on this via the FIRM Act.” On Friday, March 28, the FDIC announced that banks can now engage in legally permitted cryptocurrency activities without prior regulatory approval, provided they appropriately manage associated risks. This policy shift reverses the previous requirement for banks to obtain advance permission for any crypto-related activities. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

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Add “Hawk Tuah Girl” to the list of cryptocurrency investigations that the U.S. Securities and Exchange Commission is no longer interested in pursuing. Haliey Welch, who gained fame as the “Hawk Tuah Girl” in a viral video, has announced that the U.S. regulators concluded their investigation into the controversial meme coin bearing her catchphrase without taking action against her. “For the past few months, I’ve been cooperating with all the authorities and attorneys, and finally, that work is complete,” Welch told TMZ . Welch’s attorney, James Sallah, elaborated on the outcome: The SEC closed the investigation without making any findings against, or seeking any monetary sanctions from, Haliey. Because they did not bring any action against her, there are no restrictions on what she can do in regards to crypto or securities in the future. The $HAWK token became the subject of regulatory scrutiny after experiencing a crash following its sudden rise. The surge saw the coin reach a market capitalization of nearly $500 million before plunging to around $3 million. The collapse left many investors with substantial losses. While Welch escaped SEC penalties, the coin’s creators face a separate lawsuit alleging negligence for launching the token without proper regulatory approval. Sources close to Welch say the influencer has severed ties with the LLC behind the coin and will not support or promote it. Welch’s viral fame began with a street interview where her description of a certain physical act quickly went viral. She capitalized on her sudden celebrity through various ventures, including the “Talk Tuah” podcast. Reports also mentioned that a “Hawk Tuah” documentary is being developed. The Hawk Tuah coin isn’t the only crypto-related entity to see its troubles swept under the rug. The SEC has recently dismissed various cryptocurrency investigations and lawsuits, including cases against Immutable , Crypto.com , Ripple and Coinbase . Since Gary Gensler, a Biden administration appointee, resigned as SEC chair, cryptocurrency companies and entrepreneurs enjoy looser regulatory oversight under the current Trump administration. According to Politico, crypto companies (e.g., Ripple, Coinbase, Kraken, Robinhood, and Circle) have made seven-figure donations to Trump since Nov. 5, 2024. After the Hawk Tuah meme coin crash, Welch temporarily disappeared from social media, raising questions about her involvement in the project. Despite the controversy, Welch appears ready to move forward. “Happy to be starting back up again,” she told TMZ.

Elon Musk announced on Friday night the sale of his social network X to his own artificial intelligence company, xAI. This major transaction values X at 33 billion dollars, slightly less than Twitter’s initial purchase price in 2022, but also includes 12 billion dollars in debt. Elon Musk announced this transaction on Friday night directly on his X account. The billionaire revealed that his platform would come under the control of xAI , his artificial intelligence startup. “The future of xAI and X is closely linked“, he stated , emphasizing the necessity to “combine data, models, computing, distribution, and talent”. This merger occurs at a strategic moment. The Grok chatbot, created by xAI, is already operating on X, demonstrating early synergies. According to Musk, this alliance will “unlock immense potential” by combining xAI’s expertise with X’s 200 million users, to provide “smarter experiences”. The new merged entity would reach a valuation of 80 billion dollars. This figure represents a spectacular turnaround for X, whose value had dropped by nearly 80% according to estimates from investment firm Fidelity last October, before partially rebounding at the end of the year. This reorganization comes as Elon Musk now plays a key role in the Trump administration. Appointed to head the Department of Government Efficiency , the billionaire seeks to better organize his numerous businesses in the face of criticism about his ability to manage them simultaneously. This acquisition fits into Musk’s clear ambition to become a major player in artificial intelligence. His recent attempt to acquire OpenAI for nearly 100 billion dollars shows his willingness to compete directly with Sam Altman, the creator of ChatGPT. The X platform has recently won back major advertisers like Amazon and Apple, who are returning after stepping back due to moderation controversies. The valuation of xAI has also skyrocketed, reaching nearly 75 billion dollars according to Bloomberg. By merging X and xAI, Musk thus strengthens his position in the AI market, a priority sector for the Trump administration. In summary, X’s renewed success is closely tied to the growing influence of Musk in American politics . His new governmental role makes X an essential platform for tracking the activities of the Trump administration, attracting investors and users.

Mindshare is scarce & finite. @KaitoAI successfully turned attention into an social economy with 1st form of financialisation in Yaps/votes bribery on KaitoConnect. Now, with a growing & substantial project ecosystem, 2nd wave is here: External bribery like ve33 wars