Documents Reveal US Regulators Only Warned Banks About Crypto, Didn't Issue Hands-Off Order

1/10/2025 2:09:16 PM

(MENAFN- Investor Brand Network) Recently released documents show that the federal Deposit Insurance Corporation (FDIC)
advised financial institutions
to temporarily halt direct involvement in Cryptocurrency activities but didn't mandate the cessation of banking services to crypto firms, contrary to claims of nationwide“debanking” within the industry.

A court had ordered the banking regulator to provide partially redacted copies of supervisory pause notices sent to undisclosed banks. This followed a lawsuit by History Associates Incorporated, a research group hired by Coinbase, demanding the agency release these...

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