U.S. regulators remove the "reputation risk" assessment clause, which will alleviate the problem of "disconnection" by banks in the crypto industry

PANews reported on March 21 that one of the key factors that led to "debanking" in the past is that regulators require banks to consider so-called "reputation risks" when evaluating whether customers can access financial services. The Fed had directed employees in an internal manual to pay attention to whether bank executives made "controversial remarks", but Fed Chairman Powell had promised to remove the clause last month.

The latest developments show that the US Currency Supervision Agency (OCC) has officially removed "reputation risk" from its bank inspection standards, emphasizing that it will focus on more transparent risk areas in the future.