Name: INSURANCE
SKU: INSURANCE
Price: 36.6 USD

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Coinbase has raised significant alarms regarding the Federal Deposit Insurance Corporation&#8217;s (FDIC) opacity during the Operation Choke Point 2.0 investigation in the U.S. The exchange claims the FDIC has inadequately addressed requests for information made under the Freedom of Information Act (FOIA), failing to elucidate its policies on document management.

Coinbase Questions FDIC’s Lack of Clarity

The Federal Deposit Insurance Corporation (FDIC) is not transparent regarding its role in Operation Chokepoint 2.0, a period when crypto and tech firms were allegedly denied banking services under the Biden administration, according to Coinbase’s chief legal officer, Paul Grewal. In a March 8 X thread, Grewal called out the agency for repeatedly refusing to [&#8230;]

FDIC resists transparency on crypto’s Operation Chokepoint 2.0 — Coinbase CLO

Crypto exchange Coinbase has stated that the Federal Deposit Insurance Cooperation (FDIC) has refused to cooperate in Operation Choke Point 2.0 investigation while denying transparency on their part. While other agencies like the U.S. Office of the Comptroller of the Currency (OCC) rolled back in 2020 guidance, agencies like the FDIC have been reluctant on 

Coinbase Blames FDIC for Refusal to Cooperate in Operation Choke Point 2.0

At least 30 tech and crypto founders were reportedly “secretly debanked” in the US during Operation Chokepoint 2.0.

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Coinbase Questions FDIC’s Lack of Clarity

FDIC resists transparency on crypto’s Operation Chokepoint 2.0 — Coinbase CLO

Coinbase Blames FDIC for Refusal to Cooperate in Operation Choke Point 2.0

FDIC resists transparency on Operation Chokepoint 2.0 — Coinbase CLO

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