Crypto Industry Pushes to Remove Reputational Risk Clauses from Banking Regulations

BroadChain, April 28 - According to Cointelegraph, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) formally passed a rule earlier this month to remove the "reputation risk" assessment from bank reviews. Crypto advocacy groups have expressed support for this, stating that the clause was previously used to restrict banks from doing business with cryptocurrency companies, and its removal will help reduce compliance costs and encourage traditional financial institutions to enter the digital asset space.