Coinbase sues SEC and FDIC (Federal Deposit Insurance Corporation) 🇺🇸 for deliberate and coordinated effort to destroy the crypto industry by pressuring banks to refuse to provide services for crypto companies.

Coinbase also requested details on "suspension letters" sent by the FDIC between March 2022 and May 2023 to several banks, asking them to suspend any crypto-related activities until where the FDIC may provide further guidance on the risks involved.