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Regulation

FDIC Issues Cease-and-Desist Letters to FTX US, Other Crypto Firms Over Deposit Insurance

“The Federal Deposit Insurance Corporation (FDIC) has issued cease-and-desist letters to FTX US and four other crypto companies for allegedly making “false and misleading statements” about federal deposit insurance. FTX US, Cryptonews.com, Cryptosec.info, SmartAsset.com and FDICCrypto.com have been directed to “take immediate corrective action to address these false or misleading statements,” the FDIC announced.”
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Regulation

FDIC Asks Industry for Input About Digital Assets

“The Federal Deposit Insurance Corp. on Monday issued a wide-ranging request for information on activities by banks to facilitate customers’ use of cryptocurrencies and other digital assets. The request, previewed by FDIC Chair Jelena McWilliams last week , also asks for feedback on the factors that regulators should weigh as they develop supervisory practices for […]