Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight

Figure Technologies, Inc., has pulled its application to become a federally chartered bank in the U.S., ending a three-year rollercoaster ride as regulators clamped down on crypto activity and digital assets banking suffered a black eye when regional lenders associated with the tech world cratered earlier this year.

Source: https://www.coindesk.com/policy/2023/08/03/figure-abandons-quest-to-be-us-chartered-crypto-bank-after-three-year-fight/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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