Coinbase Chief Legal Officer Paul Grewal stated: “We have finally received the unredacted version of the OCP 2.0 letter issued by the FDIC (Federal Deposit Insurance Corporation). This shows a coordinated effort aimed at blocking various cryptocurrency activities, from basic BTC transactions to more complex products. Please note that the FDIC had previously stated it was complying with an earlier court order, yet miraculously found two more suspension letters during this search. Every time we take action, we discover new issues, making it hard to believe in their sincerity. The new Congress should immediately initiate hearings on all these matters.” Previously reported, on November 3, 2024, Coinbase Chief Legal Officer Paul Grewal accused the FDIC of taking secret actions to suppress the cryptocurrency industry. Grewal claimed that documents obtained through the Freedom of Information Act revealed a series of so-called 'suspension letters.' In these letters, the FDIC directed banks to delay or stop providing services to cryptocurrency companies. In June 2024, Coinbase sued the SEC and FDIC, accusing federal financial regulatory agencies of failing to comply with the Freedom of Information Act requirements and attempting to sever the ties between the cryptocurrency industry and the banking sector.