$XRP $BNB $SOL The Federal Reserve System of the United States has excluded the concept of "reputational risk" (the risk of losing trust and reputation of a bank due to connections with certain clients or business lines) from its bank oversight program and replaced it with more specific categories of financial risks. The change is intended to make the criteria for bank audits more transparent and predictable.

The innovation may relieve pressure on banks that were previously concerned about closing customer accounts due to allegedly risky operations, including those related to cryptocurrency. Senator Cynthia Lummis called the decision a "victory," but noted the need for further steps.