Coinbase has created a video criticizing the recent document of the Federal Deposit Insurance Corporation, which is unfair to crypto.
In a recent post, Coinbase stated, “The facts are the facts,” showing the recent documents of the FDIC. The video shows that the FDIC pressured banks to stop offering crypto products or pursue crypto-related projects.
The FDIC, which regulates US banks, recently released 790 pages of new guidelines for institutions that provide cryptocurrency services.
The US government’s attempt to choke crypto has been wildly criticized by the community. “Operation Chokepoint 2.0” is known for by the community as a purported government effort to limit access to banks for specific industries, including cryptocurrency.
Also Read: Coinbase Urges Regulators to Let Banks Offer Crypto Services
