Tag: FDIC letters

  • FDIC’s ‘Pause Letters’ to Crypto Firms Raise Regulatory Concerns

    FDIC’s ‘Pause Letters’ to Crypto Firms Raise Regulatory Concerns

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    by

    Oscar

    The Federal Deposit Insurance Corporation (FDIC) has come under fire following the release of unredacted documents detailing its alleged efforts to restrict banking services to cryptocurrency firms. Coinbase’s Chief Legal Officer, Paul Grewal, has called these actions a “shameful example” of regulatory overreach, sparking calls for Congressional scrutiny. Newly Revealed ‘Pause Letters’ The documents, obtained…