U.S. Bank Agency Cuts 'Reputational Risk' From Exams After Crypto Sector Cites Issues
Article
Publish date
Mar 20, 2025 - 12:00am
Publisher
CoinDesk
Web URL
https://www.coindesk.com/policy/2025/03/20/u-s-bank-agency-cuts-reputational-risk-from-exams-after-crypto-sector-cites-issues
Referenced by
U.S. national banks have been told by the Office of the Comptroller of the Currency that they'll no longer have to answer how controversial customers might damage their reputations — a point that had been criticized by crypto companies and insiders arguing that it contributed to them being debanked.
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“The OCC’s examination process has always been rooted in ensuring appropriate risk management processes for bank activities, not casting judgment on how a particular activity may fare with public opinion,” said Acting Comptroller of the Currency Rodney Hood.
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The OCC has been making moves to ease the compliance path for banks engaging in crypto business. It recently erased earlier guidance that had called for banks to get pre-approval in writing from the agency if they wanted to handle digital assets business lines.
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