FDIC accused of omitting more crypto ‘pause letters’ in Coinbase-backed suit
Coinbase chief legal officer Paul Grewal accused the FDIC of playing “word games” after the agency said it only searched for pause letters from a […]
Auto Added by WPeMatico
Coinbase chief legal officer Paul Grewal accused the FDIC of playing “word games” after the agency said it only searched for pause letters from a […]
“You must ensure your staff cease and desist destruction of all materials and end retaliatory actions immediately,” Lummis wrote.
RWAs are set to transform finance, with stablecoins, tokenized products and regulatory shifts in the US paving the way for 2025 growth.
Fed’s Barr once said the Federal Reserve would “likely view it as unsafe and unsound for banks to directly own crypto-assets on their balance sheets.”
Not investigating Operation Chokepoint 2.0 would create a dangerous precedent where regulatory bodies can suppress whoever they disfavor, Deaton stressed.
Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities.
Crypto founders have reported losing business accounts, with personal accounts also subject to debanking.
In a recent Joe Rogan interview, Mark Andreesen revealed that the debanking of tech firms caused the Silicon Valley shift toward Trump.
Frax Finance was allegedly among the crypto companies targeted by the debanking effort, according to the platform’s founder.
