According to ChainCatcher, Coinbase Chief Legal Officer Paul Grewal posted on X: "We have 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. This 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, yet miraculously found two additional suspension letters during this search. Each time we act, new issues arise, making it hard to believe in their sincerity. The new Congress should immediately launch hearings on all these matters."
Ripple Chief Legal Officer Stuart Alderoty stated: "Well done. As a former bank GC, these letters convey a message: close all crypto-related matters as soon as possible—not just the mentioned products and services. Writing directly to the board is a rare and prudent action. These letters aim to create a shock for the banks."
