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Over 100 US crypto companies received loans under the Paycheck Protection Program.

Over 100 US crypto companies received loans under the Paycheck Protection Program. – Coinnounce

The loan-level data for the PPP recently published by the Small Business Administration revealed that over 100 crypto companies in the US received aid under the Paycheck Protection Program to prevent mass layoffs. The majority of the crypto companies received small loans because of their small teams, with the entire industry getting at least $42 million in forgivable loans under the PPP handouts.







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