The Federal Deposit Insurance Corporation sent cease-and-desist letters to five cryptocurrency companies, including FTX.US, the American division of CEO Sam Bankman-Fried’s bitcoin exchange, FTX. On Friday, Cryptonews.com, Cryptosec.info, SmartAsset.com, and FDICCrypto.com received cease and desist letters for making “false statements” that their goods were FDIC-insured. FDIC Needs Written Proof In 15 Days The businesses have 15 days in each case to take down the “false and misleading representations” from their websites and social media profiles and to give written proof to the Federal Deposit Insurance Corporation. In its letter to FTX.US, the regulator brought up a now-deleted tweet that CEO Brett Harrison wrote on July 20: “Employer direct deposits to FTX US are kept in separate FDIC-insured bank accounts.” Harrison tweeted in response to the letter, “We didn’t mean to mislead anyone, and we didn’t suggest that FTX US itself, or that crypto/non-fiat assets, benefit from FDIC insurance.” Per the FDIC’s instruction I deleted the tweet. The tweet was written in response to questions raised on twitter regarding whether direct USD deposits from employers were held at insured banks (i.e. Evolve Bank). — Brett Harrison (@Brett_FTX) August 19, 2022 The organization said that reviews of cryptocurrency exchanges published on Cryptonews.com stated that Coinbase, eToro US, Crypto.com, and Gemini were FDIC-insured. The agency claims th...
XRP Price Prediction For 24 November
