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CoinGape 2024-08-29 22:20:23

Custodia Bank Cuts Jobs Amid Biden’s Crypto Crackdown, Will Trump Ease Regulations?

Custodia Bank has announced layoffs due to financial pressures linked to the Joe Biden’s admin regulatory stance on digital assets. The bank will reduce its workforce by 25%, cutting nine positions out of 36, as it faces challenges in its legal battle with the Federal Reserve amid tough crypto regulations. Custodia Bank Cuts Jobs Amid The post Custodia Bank Cuts Jobs Amid Biden’s Crypto Crackdown, Will Trump Ease Regulations? appeared first on CoinGape .

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