FDIC issues cease-and-desist letters to FTX US and four other crypto firms over making “false representations” that their crypto products might be FDIC-insured (Michael McSweeney/The Block)

Michael McSweeney / The Block:
FDIC issues cease-and-desist letters to FTX US and four other crypto firms over making “false representations” that their crypto products might be FDIC-insured  —  – The Federal Deposit Insurance Corporation (FDIC) said Friday that it sent cease-and-desist letters to five crypto companies …