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Strategies & Market Trends : Blockchain and Cryptocurrencies
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To: Thomas M. who wrote (7249)3/25/2025 10:49:35 PM
From: Thomas M.1 Recommendation

Recommended By
longz

   of 7596
 
Big win for crypto:

FDIC is following Office of the Comptroller of the Currency's lead in removing “reputational risk” as a factor in bank supervision.

“Reputational risk” may sound good in theory, but it was defined as “the potential that negative publicity regarding an institution’s business practices, whether true or not, will cause a decline in the customer base, costly litigation, or revenue reductions.”

In practice, this vague and subjective criteria was used to justify the debanking of lawful crypto businesses through Operation Chokepoint 2.0.

Banking criteria should be objective and quantitative, not based on the potential for untrue stories.

x.com

Tom
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