The FDIC’s removal of ‘reputational risk’ criteria for bank supervision is deemed a significant victory for cryptocurrency. This shift, supported by David Sacks, allows banks to freely engage in legal crypto transactions, aligning with the FIRM Act introduced by Senator Tim Scott.

XRP is currently experiencing fluctuating market conditions, trading between 2.06 USD and 2.22 USD. Analysts point to mixed bullish and bearish trends, emphasizing the importance of monitoring support and resistance levels for potential trading opportunities.