A cryptocurrency exchange accused the US government of undermining the cryptocurrency sector orchestrating a campaign against digital currencies.

Coinbase revealed that the US Federal Deposit Insurance Corporation (FDIC) has been employing tactics to dissuade financial institutions from engaging in crypto-related activities.

FDIC: Stay Away From Crypto

Coinbase claimed that FDIC had sent letters to several financial establishments to ask them to stay away from getting involved in cryptocurrency-related investments.

Coinbase’s Chief Legal Officer Paul Grewal revealed that they have found proof of FDIC’s anti-crypto campaign, telling American financial institutions to keep their hands off digital currency investments.

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