The Block reported that the Office of the Comptroller of the Currency (OCC) announced it has stopped conducting reputational risk reviews of national banks and financial institutions. Previously, the cryptocurrency industry had strongly criticized being excluded from the financial system. OCC Acting Comptroller Rodney E. Hood stated that institutional reviews should focus on "appropriate risk management processes" rather than subjective judgments. The OCC will also remove reputational risk content from its manuals and guidelines, but emphasized that this does not affect its basic requirements for bank risk management. Previously, the OCC stated that banks have the right to participate in certain cryptocurrency activities.