FDIC Considers Removing 'Reputation Risk' from Regulatory Standards

According to PANews, the U.S. Federal Deposit Insurance Corporation (FDIC) is reportedly planning to remove 'reputation risk' from its regulatory standards. This move follows a similar decision by the U.S. Office of the Comptroller of the Currency. The removal of this standard could benefit the cryptocurrency industry, as it has previously been used to justify the closure of legitimate businesses, including crypto companies.