Federal Reserve Proposes Ending 'Operation Chokepoint 2.0'

The Federal Reserve Board of Governors has proposed removing 'reputation risk' from its bank supervision standards in an effort to end what critics call Operation Chokepoint 2.0.

This shift is aimed at making the supervisory process more predictable and fair for all lawful sectors, not just cryptocurrency firms.

The proposal would require examiners to focus on concrete financial risks such as credit, liquidity, and compliance issues rather than subjective concerns about a bank's public image.