Tue, 28 Apregulation

Crypto lobby backs formal removal of ‘reputation risk’ from bank examinations

Burns Brief

The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.

The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. finalized a similar rule removing reputation risk earlier this month.

Key Takeaways