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Coin Edition 2024-09-06 07:34:52

Crypto’s Banking Access Shrinks: United Texas Bank Latest Casualty

The U.S. Federal Reserve has ordered United Texas Bank to halt operations, citing concerns about its risk management and crypto dealings. This move has sparked a debate about the government’s approach to regulating the crypto industry, with Ripple CTO David Schwartz criticizing what he calls “indirect regulation.” The Fed’s order highlights specific deficiencies in the The post Crypto’s Banking Access Shrinks: United Texas Bank Latest Casualty appeared first on Coin Edition .

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