Blockchain Association Aims to Remove Reputation Risk from Bank Supervision
- The Blockchain Association is lobbying to eliminate “reputation risk” as a bank supervision criterion.
- This change could increase crypto firms’ access to banking services.
- The policy change is set to take effect on June 6, potentially impacting market dynamics.
- XRP price prediction markets are monitoring if this regulatory shift will affect XRP prices, with a target of $2.60 by April 30.
- Current trading volumes for XRP are at $0 face value, indicating no significant liquidity yet.
Trading Analysis
Trading Signal: NEUTRAL (Score: +1)
The lack of liquidity and pending regulatory changes create uncertainty in the market.
Catalysts & Timeline:
• Near-term: Removal of reputation risk as a supervisory tool effective June 6
Risk Assessment:
• Absence of liquidity makes current positions speculative with wide bid-ask spreads
The Blockchain Association’s push to remove “reputation risk” could open banking services for crypto firms. The upcoming policy change may influence the XRP market, though current liquidity remains low.
Source (3.2)https://cryptobriefing.com/blockchain-association-pushes-to-remove-reputation-risk-from-bank-supervision/?rand=59535
