FTX US among 5 companies to receive cease and desist letters from FDIC Post author:MiamiCrypto Post published:August 19, 2022 Post category:Banks / Insurance / United States The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance. You Might Also Like CFTC commissioner says agency has broad enforcement authority on crypto derivatives August 23, 2021 Russian Banks Begin Testing Digital Ruble Payments January 22, 2022 Embattled Crypto Exchange to Pay a $24 Million Penalty to Settle With SEC (Report) August 11, 2023