Why the Crypto Industry Is Closely Tracking the Fate of a Tiny Texas Bank

A small Texas bank that’s a crucial cog in the global crypto market lost a key leader last week, potentially complicating its closely watched efforts to emerge from regulatory purgatory.

United Texas Bank is tiny by all measures except in its role as one of the few U.S. banks willing to do business with crypto-friendly overseas banks. That role put it in the crosshairs of regulators and led to an enforcement order by the Federal Reserve Board last year.