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FDIC sends cease and desist letters to 5 crypto firmsThe FDIC's watchdog concluded the agency has been lax in figuring out how to guide U.S. bankers on crypto matters, and it called for a new. The FDIC is concerned that some customers of crypto companies, such as crypto custodians, exchanges, brokers, wallet providers, and neobanks may. The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and.
