Treasury cuts MEXC Global off from US banking system as 401(k) crypto rule advances
FinCEN orders US banks to cut off MEXC Global over $16bn in alleged illicit flows, while a Labor Department rule opens the door to crypto in 401(k) plans. The post Treasury cuts MEXC Global off from US banking system as...
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Fresh in the current trading session. The story has cross-source confirmation.
Why this matters
FinCEN is showing up inside the Institutional Adoption theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
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Treasury Cuts Crypto Exchange MEXC Off From US Financial System
FinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers t...
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