What problem does this address?

Currently, our text color button is called "Highlight" which doesn't reflect its function properly:

What is your proposed solution?

Historically, software editors use the A icon to change a text color. My proposal is that we change:

• The icon using the default A one
• The name for Text color instead of Highlight

Some examples

• Canva uses "Text color" with a colorful icon:

• Google docs also uses "Text color":