• 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

Coinbase Forms Quantum Advisory Council

chest

Coinbase has established an independent advisory board to assess quantum-related risks and develop migration strategies.

user avatarEmily Carter

JP Morgan's Unique Perspective on the Future of the US Dollar

chest

JP Morgan's analysis predicts a managed decline of the US dollar, estimating a 3% drop through mid-2026, contrasting with Wall Street's consensus.

user avatarLucas Weissmann

Coinbase CEO Addresses Quantum Computing Concerns

chest

Brian Armstrong, the CEO of Coinbase, reassures that quantum computing will not break blockchain technology, emphasizing ongoing preparations and proactive measures.

user avatarFilippo Romano

EU Considers Broader Sanctions on Crypto Transactions Linked to Russia

chest

The European Union is exploring strict sanctions on all crypto transactions related to Russia to limit sanctions evasion.

user avatarMaya Lundqvist

Russia to Restrict Access to Foreign Crypto Exchanges

chest

Russia is preparing to block access to foreign crypto exchanges by summer 2026 as part of a new regulatory framework.

user avatarTomas Novak

Institutional Investors Show Caution as Bitcoin ETF Flows Turn Negative

chest

Institutional positioning in Bitcoin ETFs is shifting, with notable net outflows and reduced exposure from major investors.

user avatarKaterina Papadopoulou

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.