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Are Crypto Banks In Danger? FDIC ‘Pause Letters’ Spark Fears Of Operation Chokepoint 2.0

  • The US Federal Deposit Insurance Corporation (FDIC) has been accused of sending letters to financial institutions, asking them to stay away from cryptocurrency-related investments.
  • Coinbase, a cryptocurrency exchange, claims to have found proof of FDIC's anti-crypto campaign, with over 20 examples of such tactics.
  • FDIC's letters urged financial institutions to 'pause', 'refrain from providing', or 'not proceed' with banking services for digital assets.
  • The ongoing battle between Coinbase and FDIC highlights the debate over government regulations and the cryptocurrency industry.

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