According to Golden Finance, US cryptocurrency and artificial intelligence czar David Sacks issued a statement saying: "This is a huge victory for cryptocurrency. The US Federal Deposit Insurance Corporation (FDIC) will follow the US Currency Complaint (OCC) to cancel the practice of using ‘reputation risk’ as a factor in banking regulation. ‘Reputation Risk’ may sound good in theory, but it is defined as ‘the possibility that negative publicity about the business practices of an institution (real or not) will lead to a decline in customer base, costly litigation or revenue reduction’, and in practice, this vague and subjective standard is used to justify the cancellation of legal crypto business with Operation Chokepoint 2.0. Banking standards should be objective and quantitative, rather than based on the possibility of untrue stories. Thanks to Senator Tim Scott for his leadership in this regard through the FIRM Act. ”