Banking Regulators Tell Crypto Firm to Stop Misleading Protection Claims

U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making "false and misleading" claims that its customers' funds were protected by the government. The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) sent a letter to the firm, stating they believed that Voyager had misled customers by claiming their funds with the company would be covered by the FDIC.