PANews reported on March 21 that according to The Block, the U.S. Office of the Comptroller of the Currency (OCC) said it had stopped reviewing reputational risks of national banks and other financial institutions after the cryptocurrency industry strongly condemned it for being excluded from the financial system. In a statement released on Thursday, OCC Acting Director Rodney E. Hood said that the agency's review process has always focused on "appropriate risk management processes" rather than making subjective judgments on certain activities. The OCC also said it would remove content related to reputational risks from its manuals and guidelines, but noted that this would not change its expectations for banks to handle risks.
Earlier on March 8, it was reported that the U.S. Office of the Comptroller of the Currency clarified that banks have the right to participate in certain cryptocurrency activities .
