Federal Reserve removes 'reputational risk' from bank examinations in a 'win' against crypto debanking

Description

The Federal Reserve will no longer use reputational risk in bank examinations, potentially easing crypto firms’ access to banking and aligning with similar moves by the OCC and FDIC.

Authors

MK Manoylov

Publish date

June 23, 2025

Publisher

The Block

Web URL

https://www.theblock.co/post/359318/federal-reserve-removes-reputational-risk-from-bank-examinations-in-a-win-against-crypto-debanking?utm_source=rss&utm_medium=rss

Referenced by

Fed eliminates reputational risk from supervisory framework

Crypto news

News story

The Federal Reserve joins the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) in removing to end reputational risk examinations for banks.

Crypto news

Quote

"Debanking" is when a bank terminates accounts deemed risky, such as with extreme political affiliations or high likelihood for fraud. Crypto industry leaders have long complained about the difficulty of forging and maintaining banking relationships.

Crypto news

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