🔍 In 2022, US banks’ crypto activities were shut down by the Federal Deposit Insurance Corporation (FDIC). Coinbase’s research firm History Associates Inc. gained access to the FDIC’s internal memos and revealed that banking services for the crypto sector were being blocked.

- The FDIC advised banks to stop activities related to crypto assets.

- Coinbase Legal Director Paul Grewal stated that these documents prove that crypto businesses are being systematically deprived of banking services.

💬 How do you think this will affect the crypto sector? Let’s meet in the comments!