The Federal Reserve Board has taken enforcement action against Farmington State Bank, a small bank linked to now-defunct crypto exchange FTX, for engaging in undisclosed digital asset activities. According to a Thursday press release, the Federal Reserve Board, in collaboration with the Washington State Department of Financial Institutions, has directed Farmington State Bank, known as Moonstone Bank, to wind down its operations.... Read More: FTX-Linked Bank Receives Federal Enforcement Action for Digital Asset Activities
