CoinVoice recently learned that Coinbase Chief Legal Officer Paul Grewal posted on X, stating: “We have finally received the unredacted OCP 2.0 letter issued by the FDIC (Federal Deposit Insurance Corporation). This is a court-ordered document, and you can read it below. It demonstrates a coordinated effort to halt 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, it magically found two additional suspension letters. 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 issues.”
Ripple Chief Legal Officer Stuart Alderoty stated: “Well done. As a former bank GC, these letters convey a message: close all cryptocurrency-related content as soon as possible — not just the mentioned products and services. Writing directly to the board is a rare and serious approach. These letters aim to shock the banks.”[Original link]
