PANews reports that on February 24, following previous measures to remove reputation risk from bank regulation, the Federal Reserve Board is seeking public comment on a proposal to formally codify this removal into law, with a 60-day comment period. The proposal aims to officially eliminate “reputation risk” from bank examinations/regulation and reaffirms that banks should not be penalized or required to “debank” customers for engaging in lawful activities. Vice Chair Bowman stated that cases of “debanking” due to political, religious, or lawful but unpopular industries have already occurred. Bitcoin Magazine reports that this move could help alleviate regulatory pressure on crypto companies facing “debanking.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Dip May Continue as Retail Buys Under $70K, Santiment Says
Bitcoin has shown renewed volatility as buyers and sellers clash at key levels. Retail participants have been loading up after the price dipped below $70,000, while larger holders have been trimming positions. Over a period spanning Feb. 23 to Mar. 3, Bitcoin traded roughly between $62,900 and $69,6
CryptoBreaking10m ago
ETH/BTC Ratio Locks Into Tight Range – Why the 0.03 Level Is the Key to Ethereum’s Next Big Move
The ETH/BTC ratio indicates ongoing hype in altcoin season and the continuing march of Bitcoin to new heights. Ethereum and Bitcoin are moving closely together than they have before (with little distance between them) as indicated by the ETH/BTC ratio reaching some of the tightest historical
BlockChainReporter1h ago
