FDIC

The Federal Deposit Insurance Corporation (FDIC) has been spotlighted recently following the release of previously undisclosed documents concerning its interactions with the cryptocurrency market. These documents, which include so-called “pause letters” to banks about their crypto-related services, were made public via a Freedom of Information Act request that required court intervention. Coinbase Chief Legal Officer Paul Grewal has condemned the findings, labeling them as a stark instance of regulatory overreach towards legitimate cryptocurrency businesses. He further criticized the FDIC, accusing it of concealing other directives that were only unearthed after persistent legal efforts revealed further … Read more