Crypto Lobby Backs Removal of ‘Reputation Risk’ Debanking

The Blockchain Association has officially endorsed a Federal Reserve proposal to permanently remove “reputation risk” from bank examination procedures. Critics argue this subjective metric has been weaponized—most notably during the period termed “Operation Chokepoint 2.0”—to systematically debank legitimate cryptocurrency firms. By formalizing this removal, the industry seeks to ensure that regulatory oversight remains objective and predictable, rather than subject to the political shifts of different administrations. The association further emphasizes that the Federal Reserve should align its policies with the OCC and FDIC, which have already moved to codify these changes, to create a consistent regulatory framework across the US financial system.

(Source：Cointelegraph)