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Latest FDIC News
News
Coinbase has filed a motion in the D.C. District Court to resume its Freedom of Information Act lawsuit against the Federal Deposit Insurance Corporation. The exchange alleges that the FDIC continues to withhold crucial documents and is not fully cooperating…
News
The Federal Deposit Insurance Corporation has issued new guidance allowing FDIC-supervised institutions to engage in permissible crypto-related activities without prior agency approval. This marks a reversal from previous policies that were seen as restrictive toward banks working with crypto firms.…
News
Custodia Bank founder Caitlin Long hopes a new lawsuit would unearth more details on debanking under former President Joe Biden’s regime.
Follow-up
On Feb. 5, 2025, the Federal Deposit Insurance Corporation released 175 documents from the Biden-era FDIC correspondence ahead of the U.S. Senate Banking Committee GOP hearing on the debanking of crypto companies. New documents reveal new details of the so-called…
News
The Federal Deposit Insurance Corporation has released more than 100 documents related to the highly criticized and controversial “debanking” of crypto companies and individuals. In a press release on Feb. 5, the FDIC stated that the 175 documents pertain to…
News
Senator Cynthia Lummis threatened criminal referrals for FDIC staff allegedly engaged in destroying documents linked with “Operation Choke Point 2.0”.
Feature
On Jan. 6, 2025, Coinbase CLO Paul Grewal took to X to continue his coverage of the ongoing process of legal encounter with the FDIC that admitted to sending “pause letters” to the banks, urging them to stop services to…
News
Coinbase secured the release of more unredacted documents from the Federal Deposit Insurance Corporation following a legal battle over its Freedom of Information Act requests. The FDIC has released two additional pages of documents that Coinbase has been trying to…
Follow-up
The Coinbase Chief Legal Officer Paul Grewal took to X to demand answers after learning from the AIMA survey that 75% of crypto hedge funds face issues with accessing basic banking services. None of the traditional alternative investment managers (e.g.,…
News
The Wall Street Journal reported that incoming President Donald Trump’s transition team is exploring plans to alter or potentially eliminate the Federal Deposit Insurance Corporation. According to sources that spoke to the WSJ, Trump’s advisers have questioned candidates for regulatory…
News
The FDIC was instructed to comply fully with a court order and make “more thoughtful redactions” to pause letters requested by crypto exchange Coinbase.
News
Internal Federal Deposit Insurance Corporation communications suggest the agency deliberately limited U.S. banks’ involvement with crypto businesses in 2022. These communications, brought to light by Coinbase, highlight how regulatory ambiguity has fueled tension between crypto firms and federal banking authorities.…
News
Government cogs in a sweeping anti-crypto operation rapidly dismantled weeks before Republican President Donald Trump took office.
News
The Federal Reserve has imposed strict oversight and compliance measures on Customers Bancorp, Inc., and its subsidiary, Customers Bank. The action follows a recent examination by the Federal Reserve Bank of Philadelphia, which uncovered significant deficiencies in the bank’s risk…
News
Coinbase is going on the offensive after the SEC and FDIC denied information requests filed under the Freedom of Information Act.
News
Custodia Bank has filed a notice of appeal on April 26, challenging a lower court's decision from March denying its attempt to officially join the U.S. banking system.
Interviews
Follow-up
