
Bitcoin.com News|Mar 08, 2025 04:31
Is political banking finally coming to an end?
Senate Republicans are taking a stand against debanking, pushing the FIRM Act to block regulators from using “reputational risk” as a weapon against lawful businesses.
Senator Tim Scott is leading the charge, calling out federal agencies for abusing their power to target businesses based on politics. And after pressing Jerome Powell directly, Scott got a commitment to address it.
Senators like Cynthia Lummis aren't holding back—calling regulators "rogue" and warning their unchecked power is over.
The FIRM Act could force regulators to play fair, stripping their ability to push political agendas through banking oversight.
With this bill, financial freedom could be back on the table.
Are we witnessing the biggest win for fair banking in decades? 🚀
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