Cryptocurrency lobbying groups support formally removing "reputational risk" clauses from bank reviews.

CoinFeed reported on April 28th, citing Cointelegraph, that the Blockchain Association, a US-based crypto lobbying group, has expressed its support for the Federal Reserve's proposal to formally remove "reputational risk" from the banking regulatory framework. The association wrote to the Fed stating that reputational risk was removed from the review program in June 2025 and should be formally regulated. The association pointed out that reputational risk had been used to justify cutting off crypto companies' access to banks as part of "Operation Chokehold 2.0." The association emphasized that the neutrality of reputational risk depends on the government in charge of policy, and only regulation can provide neutral protection across government and industry. The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation completed similar rules on April 7th, and the Blockchain Association is urging the Fed's final rules to be consistent with these institutions.