US Fed Orders United Texas Bank
This is a U.S. news story, published by CoinGape, that relates primarily to The US Federal Reserve news.
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US Fed Targeting BankCoinGape
•Is US Fed and SEC Centralizing Crypto Custody? ETF Issuers At Risk
64% Informative
The US Federal Reserve issued a cease-and-desist order to United Texas Bank for failing to comply AML rules.
Analysts have raised concerns about U.S. regulators discouraging federally regulated banks from offering crypto custody services.
Most of the crypto ETF issuers rely on a single crypto custody provider for their BTC and ETH holdings.
This makes @coinbase a potential single point of failure and that's scary.
VR Score
39
Informative language
22
Neutral language
69
Article tone
formal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
12
Source diversity
3
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