Fed Quietly Removes Reputational Risk Rule That Kept Banks Away from Crypto—Industry Insiders Say This Changes Everything
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
The Federal Reserve just made a move that could quietly reshape crypto’s relationship with traditional banking. The Fed announced on June 23 that it will drop reputational risk from its bank examination programs—a change that crypto advocates have been pushing for years and one that could finally open the floodgates for mainstream crypto banking services.
Don’t Miss:
While the Fed’s announcement sounds like regulatory wonkery, it strikes at the heart of crypto’s biggest problem: banking access. For years, crypto companies have struggled to maintain basic banking relationships, not because they posed financial…
