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CryptoLaw has accused the FDIC of prioritizing sanctions against crypto firms while allowing U.S. companies to send payments to sanctioned Russian banks, as revealed in a class action lawsuit against Deel. This has reignited claims of a systematic effort to debank the crypto industry, reminiscent of Operation Chokepoint. Coinbase's recent FOIA documents suggest the FDIC instructed banks to pause crypto services, a claim disputed by FDIC Chair Martin Gruenberg, who insists the guidance was about discouraging banks from holding crypto assets.
Ryan Tracy
People
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crypto debanking concerns rise as fdic faces scrutiny over recent actions
Coinbase Global, Inc.
USA
Martin Gruenberg
Marc Andreessen
Ryan Tracy
John Deaton
Nic Carter
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09:40 10.01.2025
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