OCC and FDIC move to define unsafe or unsound practices, requiring law violations or material financial risk and easing pressure on banks with crypto customers.

According to H.E. Justin Sun, First Digital Trust (FDT) is reported to have a negative net asset value, indicating that its total liabilities exceed total assets, effectively rendering it financially insolvent. This situation raises concerns about FDT's ability to meet the stringent capital adequacy requirements mandated by international banking regulations, which are essential to avoid revocation of banking licenses.

According to H.E. Justin Sun, First Digital Trust (FDT) is currently experiencing negative equity, indicating its total liabilities surpass its aggregate assets, which is a sign of financial insolvency. This situation raises concerns about FDT's compliance with international banking regulations that enforce strict capital adequacy standards for financial institutions. Traders should be cautious as such financial instability could impact FDT's operational capabilities and market trustworthiness.