The Blockchain Association filed a formal comment letter to the Federal Reserve on April 27 supporting the central bank’s proposal to permanently strip “reputation risk” from its bank supervisory framework, calling the concept a standardless tool that allowed regulators to push banks into cutting ties with digital asset firms without legitimate cause. The submission landed on the final day of the public comment window. The Federal Reserve published its Notice of Proposed Rulemaking on February 26, proposing to codify the removal of reputation risk from its supervisory programs and prohibit the Board from pressuring ... (full story)