🚨[Blockchain News] The U.S. Federal Reserve issued a cease and desist order to crypto-friendly bank United Texas Bank, citing "significant deficiencies" in its risk management and compliance with anti-money laundering regulations. The bank has taken steps to strengthen compliance and submitted a plan to strengthen board oversight. It is worth noting that the Federal Reserve recently took similar action against another crypto-friendly bank, Customers Bancorp. 🤔 Do you think this is the government preventing banks from working with the crypto industry? Feel free to share your thoughts in the comments!#Blockchain#Cryptocurrency #RiskManagement