The director may suspend or revoke the charter of a digital asset depository if, after notice and opportunity for a hearing, the director determines that: (1) The digital asset depository has failed or refused to comply with an order issued under section 8-1,136, 8-2504, or 8-2740; (2) The application for a charter contained a materially false statement, misrepresentation, or omission; or (3) An officer, a director, or an agent of the digital asset depository, in connection with an application for a charter, an examination, a report, or other document filed with the director, knowingly made a materially false statement, misrepresentation, or omission to the department, the director, or the duly authorized agent of the department or director.
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