FDIC Emerges as Crypto's Latest Foe in Washington
Also, voters to decide today if crypto insider gets Republican nomination in New York congressional race; Federal report says it's hard to pin 2020 Treasury volatility on hedge funds
The FDIC got lots of attention last week for demanding that five companies – including major token trading platform FTX – stop making misleading statements that assets parked at crypto exchanges are backstopped by the federal government. The orders, agency insiders say, can also be seen as an indication that the bank regulator is stepping up its game on…
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