Coinbase on FDIC’s Lack of Cooperation

Crypto exchange Coinbase has stated that the Federal Deposit Insurance Corporation (FDIC) has refused to cooperate in the Operation Choke Point 2.0 investigation. The exchange also accused the FDIC of lacking transparency regarding their actions. In contrast, other agencies such as the U.S. Office of the Comptroller of the Currency (OCC) have softened their positions since rolling back guidance in 2020, while the FDIC remains hesitant on this matter.