U.S. Federal Reserve Slaps Texas Bank With Cease-and-Desist Order Related to Crypto Services

The U.S. Federal Reserve is hitting a Texas bank with a crypto-related cease and desist order, alleging that it violated several national laws. According to recent court documents, the Federal Reserve found that United Texas Bank had “significant deficiencies” in its corporate oversight, governance, and anti-money laundering (AML) protocols after launching an investigation into the The post U.S. Federal Reserve Slaps Texas Bank With Cease-and-Desist Order Related to Crypto Services appeared first on The Daily Hodl .