FDIC releases unredacted letters urging banks to avoid Bitcoin activities

Coinbase's Chief Legal Officer, Paul Grewal, shared unredacted versions of documents related to Operation Chokepoint 2.0, obtained through a court-ordered Freedom of Information Act request. The letters reveal that the FDIC repeatedly urged banks to suspend Bitcoin and crypto-related services and activities pending further regulatory reviews.

https://www.fdic.gov/foia/history-associates-inc-v-fdic-fdics-redacted-pause-letters-january-3-2025