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Latest from Nikhilesh De
Crypto Banks Are One Step Closer to Reality Under New Fed Guidance
The Federal Reserve’s guidance for approving master account access is a major milestone for crypto banks, but it still leaves much to be desired.

US Lawmaker Emmer Asks Treasury Department to Explain Tornado Cash Sanctions
Treasury's sanctions watchdog sanctioned Tornado Cash earlier this month on allegations it helped North Korea's Lazarus Group launder millions of stolen crypto funds.

Voyager Customers Say No to 'Retention' Bonuses for Employees of Bankrupt Crypto Lender
Voyager wanted $1.9 million to pay bonuses to 38 employees it called "essential" to its continued operation.

Canadian Bank Regulator Details Crypto Liquidity, Backing Rules
Canada joins U.S. and European authorities in explaining how its supervised entities can engage with crypto.

FDIC Orders Crypto Exchange FTX US, 4 Others to Cease 'Misleading' Claims
The five companies "made false representations" suggesting crypto products might be FDIC-insured.

Crypto Lender Celsius' Collapse Into Bankruptcy Should Be Probed, US Says
Some of the highest-profile and controversial bankruptcies in history, including Enron's and Lehman Brothers', have included the appointment of an independent examiner.

Tether Swaps Accounting Firms, Says It Will Publish Monthly Attestation on Stablecoin Backing
BDO Italia will take over from MHA Cayman.

US Regulator 'Improperly' Pushing Banks to Avoid Serving Crypto Companies, Lawmaker Says
Sen. Pat Toomey said whistleblowers had informed him the FDIC was pressuring banks to stop providing services to crypto companies.

US Fed Reminds Banks to Check for Legal Permissibility Before Offering Crypto-Related Services
The Federal Reserve's open letter directs banks to contact their supervisor at the central bank prior to engaging with crypto.

IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders
A California court has authorized the agency to serve a "John Doe" summons.
