"Regulators wanted to send a very strong anti-crypto message,” said former House of Representatives member and Signature Bank board member Barney Frank.
Nuri will maintain crypto trading services until the end of November, and has encouraged users to withdraw their assets before the mid-December deadline.
ERCOT reported that wind generation in Texas was “generating significantly less," potentially leaving the state unable to meet energy demands during triple-digit temperatures.
Banks do not need to provide an explanation when shut down accounts owned by clients deemed "too risky," according to former CFTC commissioner Brian Quintenz.