The Federal Reserve has officially removed the “reputational risk” rule that previously discouraged banks from working with #Bitcoin and #crypto companies.
This rule was often used to penalize or block banks from offering services to the crypto industry — just because of how crypto was “perceived.”
Now that it’s gone, it could open doors for more banks to support crypto businesses, boosting adoption and making things easier for crypto users.
A positive step for the future of crypto in the U.S.
