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)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)