In an age where buzzwords like cryptocurrency and blockchain dance through financial conversations, it’s time for U.S. banks to confront an unsettling truth. The renowned Fitch Ratings has issued a clarion call to financial institutions: embrace crypto at your peril. Those deeply entwined with this volatile digital landscape risk more than just reputational hit; they stand on the precipice of potential credit downgrades that could ripple through their very foundations.

The Perils of Association

Engagement with cryptocurrency is a double-edged sword, cutting both ways for banks. The recent implosions of major cryptocurrency exchanges have left many investors wary, casting a long shadow over the credibility of financial institutions that…