• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

FDIC and Operation Chokepoint 2.0: Unveiling Possible Crypto Limitations

user avatar

by Giorgi Kostiuk

a year ago


The FDIC has disclosed files suggesting potential constraints on cryptocurrency operations, sparking new discussions about their impact on the market.

Disclosure of FDIC Documents

Coinbase Global Inc., a major American cryptocurrency exchange, has obtained access to unredacted documents from the Federal Deposit Insurance Commission (FDIC) as part of its investigation into Operation Chokepoint 2.0. These files, initially withheld by the FDIC, were released following a court order and are now accessible to the public.

New Details and Letters

The unveiled documents include letters instructing banks to halt services to cryptocurrency companies. In December, redacted versions of these documents were provided, but the court later mandated the release of full files. These letters, whose existence was initially denied by the FDIC, indicate directives to limit banking services to crypto firms.

Industry Reaction and Calls for Investigation

The release of these documents has intensified calls for a deeper investigation into Operation Chokepoint’s activities. Paul Grewal and other experts emphasize the need for thorough examination of the impact on the crypto industry. Industry representatives note that such constraints negatively affect crypto companies’ operations and demand urgent attention.

The FDIC documents have spurred industry and legislative discussions about possible overregulation in the crypto sector, requiring further investigation.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

US Debt Maturity in 2026 Could Trigger Fed's Aggressive Liquidity Expansion

chest

The upcoming maturity of $8 trillion in US debt in 2026 may lead the Federal Reserve to implement aggressive liquidity measures, reminiscent of the 2020 money-printing cycle.

user avatarMiguel Rodriguez

Bitmine's Strategic Acquisition of 46 Million in Ethereum

chest

Bitmine, a Nasdaq-listed investment firm, has made a significant purchase of 14,959 Ether for 46 million, signaling strong institutional confidence in Ethereum.

user avatarRajesh Kumar

Institutions and Exchanges Now Control 30% of Bitcoin Supply

chest

A new report reveals that nearly one-third of all circulating Bitcoin is now held by institutions, exchanges, and governments.

user avatarLuis Flores

Increased XRP Distribution May Enhance Utility and Market Confidence

chest

BD DiepSanh argues that wider distribution of XRP can enhance its utility and market confidence, potentially leading to price appreciation.

user avatarArif Mukhtar

Traders Fair Manila 2026 Set to Transform Financial Education in the Philippines

chest

The Traders Fair series returns to Manila on May 9, 2026, aiming to enhance financial literacy and connect traders with global financial institutions.

user avatarMaria Gutierrez

Ripple's Trust Charter Could Transform Cross-Border Payments

chest

Ripple's trust charter may influence innovations in cross-border payments and regulatory adaptations.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.