How FDIC Forces Banks to Stop Services to Crypto Clients
On Feb. 5, 2025, the Federal Deposit Insurance Corporation released 175 documents from the Biden-era FDIC correspondence ahead of the U.S. Senate Banking Committee GOP hearing on the debanking of crypto companies. New documents reveal new details of the so-called “Operation Choke Point 2.0.” Following Trump’s inauguration, a pro-crypto team took the FDIC over and […]
FDIC releases documents related to crypto debanking
The Federal Deposit Insurance Corporation has released more than 100 documents related to the highly criticized and controversial “debanking” of crypto companies and individuals. In a press release on Feb. 5, the FDIC stated that the 175 documents pertain to the agency’s supervision of banks that “engaged in, or sought to engage in, crypto-related activities.” […]
Trump’s executive order excludes Fed, FDIC from crypto working group
The executive order will also exclude the US central bank from future stablecoin regulation, according to industry insiders. Source link
Sen. Lummis warns FDIC staff against destroying OCP 2.0 docs
Senator Cynthia Lummis has threatened criminal referrals for FDIC staff allegedly involved in destroying documents linked to “Operation Choke Point 2.0.” Whistleblowers at the U.S. Federal Deposit Insurance Corporation have alerted policymakers to alleged efforts within the agency to withhold and destroy information regarding what industry advocates have dubbed an anti-crypto campaign. The initiative, referred […]
FDIC Tried to Cover Up its Actions to Debank Crypto Clients
On Jan. 6, 2025, Coinbase CLO Paul Grewal took to X to continue his coverage of the ongoing process of legal encounter with the FDIC that admitted to sending “pause letters” to the banks, urging them to stop services to crypto clients. According to Grewal, the FDIC abused FOIA exemption 8 in an attempt to […]
FDIC ‘magically’ releases two more pages of documents to Coinbase
Coinbase secured the release of more unredacted documents from the Federal Deposit Insurance Corporation following a legal battle over its Freedom of Information Act requests. The FDIC has released two additional pages of documents that Coinbase has been trying to obtain legally for several months. The documents, referred to as “pause letters,” show the FDIC […]
Trump considering FDIC rebuild, raising crypto industry hopes
The Wall Street Journal reported that incoming President Donald Trump’s transition team is exploring plans to alter or potentially eliminate the Federal Deposit Insurance Corporation. According to sources that spoke to the WSJ, Trump’s advisers have questioned candidates for regulatory positions on the feasibility of merging the FDIC with other agencies or absorbing its functions […]
