FDIC Releases Documents on Banks’ Crypto Service Restrictions
- The FDIC has unveiled 175 documents related to its supervision of banks interested in crypto services.
- Travis Hill, Acting Chairman of the FDIC, acknowledged the agency’s restrictive approach towards digital assets.
- Banks faced resistance, including repeated information requests and long response delays.
- A Freedom of Information Act request revealed instances where banks were asked to freeze crypto services.
- Coinbase’s legal officer suggested these actions confirmed attempts to undermine the digital asset industry.
The release of 175 documents by the FDIC highlights how banks faced significant challenges when attempting to engage with crypto-related services, leading many to abandon such efforts.
Source (2.6)https://dailyhodl.com/2025/02/05/fdic-unseals-175-documents-exposing-us-banks-debanking-of-crypto-firms/?rand=59076
