Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight
Submitted by Anonymous (not verified) on Fri, 08/04/2023 - 00:20
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.