Crypto News: Embattled Crypto Brokerage Voyager Accused of False Insurance Claims by US Fed and FDIC

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The US Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) are accusing crypto brokerage firm Voyager Digital of falsely representing its deposit insurance status. In a joint letter, the two regulators claim Voyager violated section 18(a)(4) of the Federal Deposit Insurance Act. “Section 18(a)(4) of the Federal Deposit Insurance Act (‘FDI Act’), 12 U.S.C. § 1828(a)(4), prohibits any person from representing or implying that an uninsured deposit is insured or fro ...

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