🇺🇸 FED REMOVES “REPUTATIONAL RISK” FROM BANK SUPERVISION – A POSITIVE SIGNAL FOR THE CRYPTO INDUSTRY
📢 The Federal Reserve has officially announced that “reputational risk” will no longer be a factor in its bank supervisory processes. This means that banks will now be evaluated solely based on financial and legal compliance, not on how “controversial” or “sensitive” their clients may appear to the public.
In the past, many banks were hesitant to work with crypto companies out of fear that it could damage their public image. With this change, bank–crypto relationships are expected to become more open and accessible.
This shift is especially beneficial for crypto exchanges, stablecoin issuers, and blockchain platforms seeking access to traditional banking services.
Simply put:
“Reputational risk” can no longer be used as an excuse to deny banking access to the crypto industry.
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