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Fed Drops Crypto Enforcement Action Against United Texas Bank

Guavy AI Editorial Team
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The Federal Reserve has terminated its enforcement action against United Texas Bank, effective September 2, 2026.

The termination comes nearly two years after a consent order was issued on August 29, 2024, which required the bank to strengthen board oversight and overhaul its anti-money laundering compliance program.

The Fed's decision also marks the end of a July 2023 written agreement with Quontic entities.

This development is seen as an easing of compliance pressure on banks serving crypto clients, potentially improving their banking access and DeFi/CEX capabilities.

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