Reputational risk examination was ended by the Office of the Comptroller of the Currency due to crypto industry claims of it being used as a tool to pressure banks into debanking digital asset clients

Event date

Mar 20, 2025 - 12:00am

Quotes that support claims

The U.S. Office of the Comptroller of the Currency said it has ended examining national banks and other financial institutions for reputation risk following condemnation from the crypto industry over being cut out from the financial sector.

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.

Related topics

Policy & regulations