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Insurance Corporation issued letters to five different
cryptocurrency companies demanding that they cease and desist from
making false and misleading statements about FDIC insurance. In
this video, Jeffrey
Alberts, co-chair of Pryor Cashman's Financial
Institutions Group, discusses the nature of FDIC insurance, the
FDIC's concern with how crypto companies are referencing FDIC
insurance and how to avoid violating the Federal Deposit Insurance
Act's prohibitions on misleading statements about FDIC
insurance.
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