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U.S. FDIC Told U.S. Banks to Lay Off Crypto, Letters Obtained by Coinbase Reveal

Coinbase's Paul Grewal says this is hard evidence proving the industry hasn't been spouting conspiracy theories about being shoved out of U.S. banking. Updated Dec 6, 2024, 3:41 p.m. UTCPublished Dec 6, 2024, 1:56 p.m. UTCCrypto banking activity was paused or prevented by the Federal Deposit Insurance Corp. at a large number of U.S. banks in 2022, according to communications pried loose by a research firm hired by Coinbase Inc. (COIN).Coinbase's hired help, History Associates Inc., had taken t...

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