The Federal Reserve issued (https://www.dlnews.com/articles/regulation/us-fed-slaps-texas-bank-with-crypto-cease-and-desist-order/) a cease-and-desist order against United Texas Bank, known for its crypto-friendly stance, on Wednesday. The action was taken due to "significant deficiencies" in the bank's compliance with anti-money laundering laws, particularly concerning its interactions with crypto-related customers, as well as other alleged violations.
