The rule would extend the supervisory role it already has in depository institutions such as banks and credit unions. The rule would apply to companies that handle more than 5 million transactions per year, such as PayPal (NASDAQ:PYPL), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOGL) and Meta (NASDAQ:META). The agency said in a statement:
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Source: Cryptocurrency - investing.com
