Coinbase lawyer reveals fresh evidence of FDIC crypto industry ‘pause letters’ – DL News
- Previously unredacted FDIC letters targeting crypto activities have surfaced.
- Paul Grewal calls for hearings regarding alleged overreach from the FDIC.
The Federal Deposit Insurance Corporation has released unredacted documents detailing its crypto industry “pause letters.”
Coinbase’s Chief Legal Officer Paul Grewal recently described the findings as evidence of a “shameful example” of regulatory overreach targeting lawful crypto firms.
The newly revealed letters, obtained through a court-ordered Freedom of Information Act request, show the FDIC repeatedly urging banks to suspend crypto-related services pending further regulatory reviews.
One letter states: “Until we complete our review, we request that the bank refrain from…
