Crypto journalist: The US Monetary Authority has removed reputation risk from its review criteria, which could be beneficial for the cryptocurrency industry

According to a report by Golden Finance, crypto journalist Eleanor Terrett announced on X platform that the main driving force behind the previous de banking of the crypto industry was that banks, under the guidance of regulatory agencies, would consider so-called "reputation risk" when evaluating whether customers are suitable for banking services. However, the US Office of the Superintendent of the Currency (OCC), the banking regulatory agency, has officially removed reputation risk from its review criteria since yesterday. In addition, last month, Federal Reserve Chairman Powell revealed to the Senate Banking Committee that the Fed will remove some content from its internal implementation manual, which involves instructing staff to evaluate any activities or comments that the leadership may consider controversial when assessing access to the main account.