Some US government agencies still deny transparency in relation to their role in the DhoKepunt 2.0 operation, the period during Biden administration, when Crypto and Tech allegedly refused banking services, according to the legal director of Coinbase Paul Grewal.
The fall of cryptocurrency -friendly banks at the beginning of 2023 caused the first charges of ChokePoint 2.0 surgery. Critics, including Venture Capitalist, nothing Carter, described it as a government effort aimed at exerting the pressure of banks to limit bonds with cryptocurrency companies.
Despite recent regulatory changes, agencies such as the Federal Corporate of Deposit Insurance (FDIC) are still “based on basic transparency,” Grewal wrote in the post on March 8 to X.
“They didn’t receive a message,” he wrote.
Source: Paul Grewal
Coinbase turned to FDIC given in court with detailed information on how she conducted “due diligence” to ensure the destruction of the event related documentation. However, the agency “repeatedly refused,” said Grewal.
His comments appear a day after the American currency controller office (OCC) softened his position on how banks can get involved in cryptographic several hours after US President Donald Trump swore to finish extended repression limiting the access of cryptographic companies to banking services.
Trump’s comments were issued during the peak of the White House cryptocurrency, where he told industry leaders that he “ends DhoKepunt 2.0”.
Source: Elon Musk
At least 30 founders of Tech and Crypto were “secretly discharged” in the US during ChokePoint 2.0 surgery, CointeLgraph said in November 2024.
Related: Chairman of FDIC, “architect of ChokePoint 2.0” Martin Gruenberg to give up on January 19
FDIC only produced “fragments” of Foia demands
Grewal claimed that FDIC also did not cooperate with demands of Coinbase documentation in accordance with the Act on Information Freedom (Foia):
“[…] The agency only produced fragments from several documents that have little or nothing to do with specific Foia principles or practices that the History Associates questioned in a changed complaint. What exactly are hiding? “
In addition, Grewal said that FDIC had a total of 53 pages, and many other pages contained “heavy editors, which makes the documents incomprehensible.”
Grewal added that his team asked for “FDIC submitted a” sworn in “court.
March 4 Coinbase also complex FOIA application to the Securities and Stock Exchange Commission (SEC) in order to determine how many investigations and enforcement activities were lodged against cryptocurrency companies between April 17, 2021 and January 20, 2025.
Related: Paolo Ardoino: Competitors and politicians intend to “kill the imprisonment”
Cointelegraph has previously announced that Trump has signed an executive order to end some bank challenges for Web3 and create more pronounced digital assets.
According to Caitlin Long, the founder and general director of Custody Bank, the executive ordinance is excluded by the US Federal Reserve and FDIC from cryptocurrency working groups, which can end the previous efforts to the previous efforts debating the cryptographic industry.
https://www.youtube.com/watch?v=JMQJ01_zka8
Warehouse: UNTABLECOINS: DEEGging, Bank Runs and other risk are circulating
