The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. finalized a similar rule removing reputation risk earlier this month.
US crypto lobby group Blockchain Association has thrown its support behind the US Federal Reserve’s proposal to codify the removal of “reputation risk” from its supervision of banks, which has been used in the past to debank crypto companies.
In a letter sent Monday in response to the Fed’s request for comment, Ashok Pinto, the group’s executive vice president of legal and government relations, said reputation risk, which was removed as a component of examination programs in June 2025, should be made a formal rule.
“The Blockchain Association strongly encourages the Board to move expeditiously to finalize and codify the removal of reputation risk from its supervisory framework,” Pinto wrote.
