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FDIC issues cease and desist letters to FTX US and four other crypto firms on implementation "wrong representation" that their crypto products may be FDIC insured (Michael McSweeney/The Block)
Michael McSweeney / Unit:
FDIC issues cease and desist letters to FTX US and four other crypto companies for making “false claims” that their crypto products may be FDIC insured— The Federal Deposit Insurance Corporation (FDIC) said Friday that it has sent cease-and-desist letters to five crypto companies…
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