According to ChainCatcher, Coinbase's Chief Legal Officer Paul Grewal posted on X: “We finally received the unredacted OCP 2.0 letter issued by the FDIC (Federal Deposit Insurance Corporation). This is a court-ordered release, but you can read them below now. It shows a coordinated effort aimed at halting various crypto activities, from basic BTC transactions to more complex products.”
Please note that the FDIC previously stated it had complied with earlier court orders, but during this search, two additional pause letters were mysteriously found. Every time we act, new issues arise, making it hard to believe in their sincerity. The new Congress should immediately initiate hearings on all these matters.”
Ripple's Chief Legal Officer Stuart Alderoty stated: “Well done. As a former bank GC, these letters convey a message: to promptly shut down all content related to cryptocurrency— not just the mentioned products and services. Writing directly to the board is a rare and prudent practice. These letters are intended to shock the banks.”
