Coinbase Accuses FDIC of Concealing ‘Pause Letters’
The consulting firm History Associates reported that the FDIC failed to provide dozens of ‘pause letters’ requested during litigation initiated by the cryptocurrency exchange Coinbase, according to Cointelegraph. The FDIC issued ‘pause letters’ from March 2022 to May 2023, urging banks to temporarily halt crypto-related activities and requesting information, including cost analyses and marketing materials. […]