U.S. Bank Agency Cuts 'Reputational Risk' From Exams After Crypto Sector Cites Issues

Quick Summary:

The crypto industry argued that U.S.regulators used the idea of risks to banks' reputation to pressure them to reject digital assets clients, and the OCC has answered.

The head of the OCC tends to be able to act more quickly and decisively than other financial regulators, because the person operates as the sole authority without a commission or board to seek approval from.

The banking regulator may soon have its permanent chief, with President Donald Trump's nominee, Jonathan Gould, facing a Senate confirmation hearing next week.

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Article Details

Author / Journalist: Jesse Hamilton

Category: Crypto

Markets: United StatesCubaIraq

Topics: Policy OCC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 22:28:34 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 241 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27202823

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Main Topics: Crypto

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News Last Updated: 8 hours ago

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