🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
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Federal Reserve Drops ‘Reputational Risk’ In Bank Supervision
HomeNews* Federal Reserve will no longer instruct its examiners to use “reputational risk” as a factor when overseeing banks.
Under the previous method, reputational risk—defined by the Board as the chance that negative publicity could lead to customer loss, lawsuits, or reduced income—was considered by regulators. Critics, especially from the crypto sector, argued that this led to unfair denial of banking services, notably impacting more than 30 technology and digital asset firms during a period sometimes called “Operation Chokepoint 2.0.”
Supporters of the change include Senator Cynthia Lummis, who stated on social media that aggressive reputational risk policies hurt U.S. Bitcoin and digital asset businesses. Rob Nichols, CEO of the American Bankers Association, also said, “The change will make the supervisory process more transparent and consistent.”
However, some observers voiced concerns, saying the removal of reputational risk could make it harder to identify non-financial threats, potentially making bank oversight weaker and risking stability.
Despite the change, the Federal Reserve expects banks to continue strong risk management in line with all laws. The central bank said it does not intend the move to prevent banks from considering reputational risk internally.
This adjustment is part of broader efforts by U.S. regulators to ease crypto-related banking restrictions. The Office of the Comptroller of the Currency recently confirmed that banks it supervises can trade crypto and work with third parties for such activities. Similarly, the Federal Deposit Insurance Corporation said its supervised banks can engage in crypto projects without prior approval.
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