International rating agency Fitch Ratings has warned that it may issue negative rating adjustments to US banks with higher exposure to crypto assets in the future. The reason is that while digital asset businesses can generate additional revenue, they also pose reputational, liquidity, operational, and compliance risks. The report notes that US regulation is gradually moving toward greater clarity, but systemic risks remain unavoidable—if the scale of stablecoins continues to expand, it could even impact the US Treasury market. Major banks including JPMorgan, BofA, Citibank, and Wells Fargo have all engaged in crypto-related business. (Cointelegraph)
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International rating agency Fitch Ratings has warned that it may issue negative rating adjustments to US banks with higher exposure to crypto assets in the future. The reason is that while digital asset businesses can generate additional revenue, they also pose reputational, liquidity, operational, and compliance risks. The report notes that US regulation is gradually moving toward greater clarity, but systemic risks remain unavoidable—if the scale of stablecoins continues to expand, it could even impact the US Treasury market. Major banks including JPMorgan, BofA, Citibank, and Wells Fargo have all engaged in crypto-related business. (Cointelegraph)