According to BeInCrypto, Anchorage Digital—the first federally chartered U.S. digital asset bank—has reportedly reduced its workforce by 17%. Chief Executive Nathan McCauley communicated the changes to employees this week, as reported by The Information. People familiar with the matter cited a year-long decline in the cryptocurrency market as a factor influencing the decision. Anchorage Digital has not publicly confirmed details of the layoffs beyond what was shared internally.
