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Coinbase has filed a motion in the D.C. District Court to resume its Freedom of Information Act lawsuit against the Federal Deposit Insurance Corporation. The exchange alleges that the FDIC continues to withhold crucial documents and is not fully cooperating with its information requests. This legal action seeks to obtain records related to the FDIC’s … Read more
The Federal Deposit Insurance Corporation has issued new guidance allowing FDIC-supervised institutions to engage in permissible crypto-related activities without prior agency approval. This marks a reversal from previous policies that were seen as restrictive toward banks working with crypto firms. The guidance, released in Financial Institution Letter (FIL-7-2025), rescinds a 2022 directive that required banks … Read more
A US Postal Service worker outside a Signature Bank branch in the Brooklyn borough of New York, US, on Wednesday, March 15, 2023. Angus Mordant | Bloomberg | Getty Images Anchorage Digital CEO Nathan McCauley wants everyone to know what happened to his crypto company in 2023 during the Biden administration. “Our story is pretty … Read more
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 … Read more
Key Takeaways The FDIC pressured banks to limit involvement with crypto activities. The FDIC issued pause letters to halt crypto services at banks. Share this article The Federal Deposit Insurance Corporation (FDIC) released documents revealing extensive pressure on banks to limit their involvement with crypto-related activities, according to newly published records. 🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨THE FDIC JUST DID … Read more
Key Takeaways Coinbase is urging US banking regulators to enable banks to offer crypto custody and trading services. Coinbase seeks confirmation that state-chartered banks can provide and outsource crypto services under current laws. Share this article Coinbase is calling on US banking regulators to revise their stance on crypto services, pushing for changes that would … Read more
Vanguard has already signed an agreement with the FDIC while BlackRock is reportedly pushing to delay until the Trump administration takes over later this month. Read More
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 … Read more
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