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FDIC issues cease and desist letters alleging false or misleading representations about deposit insurance on crypto-related products | Ballard Spahr LLP - Vimarsana News

FDIC issues cease and desist letters alleging false or misleading representations about deposit insurance on crypto-related products | Ballard Spahr LLP

On August 19, 2022, the FDIC issued cease and desist letters to five crypto companies, alleging they made false and misleading statements about FDIC deposit insurance and demanding...