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FDIC Continues to Police Crypto Industry for Deposit Insurance Claims

February 23, 2023

We have reported previously regarding the FDIC’s efforts to better police representations regarding deposit insurance, including when the FDIC issued an advisory regarding deposit insurance and the crypto industry last summer, and also when the FDIC published an updated rule in May 2022 regarding false advertising and misrepresentations, with support from the Federal Reserve and the Consumer Financial Protection Bureau.

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