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FDIC sends cease and desist letters to 5 crypto firmsThe Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five companies for allegedly making false. The Federal Reserve Bank of Chicago has issued a cease and desist letter to Bitcoin Magazine, alleging it to have used a trademarked term IP � '. The FDIC issued letters to five crypto companies on Friday demanding that they stop making false claims about deposit insurance.
