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.