๐ Coinbase's Chief Legal Officer, Paul Grewal, has called out the FDIC for discouraging banks from diving into the crypto world. Grewal revealed that the FDIC sent "pause letters" to banks, advising them to hold off on crypto services. This comes after Coinbase's FOIA request shed light on these communications.
๐ The FDIC's cautious stance, dubbed "Operation Choke Point 2.0" by Coinbase, is seen as a roadblock to crypto innovation. Grewal stresses the need for clear regulations to foster growth in the crypto sector. Coinbase continues to push for transparency and regulatory clarity, believing itโs essential for the industry's future. #CryptoNews #Blockchain
