unnamed file New Horizons: The Tip of the Iceberg

New Horizons: The Tip of the Iceberg

– The recent turmoil in the crypto market has led to some companies offering stability in the form of prize draws and other incentives.

– One of the latest casualties of the crypto market is Voyager Digital, which has been accused by the FDIC of misrepresenting the level of protection offered to customers’ USD deposits.

– The FDIC has issued a new rule clarifying its authority to prevent firms from making misrepresentations about deposit insurance.

– Experts believe that the FDIC’s inquiry into Voyager Digital is a signal that the agency is zeroing in on this issue, and that more companies’ claims of FDIC protection will be scrutinized.

 

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