Coinbase has requested that the FDIC provide details in court on how it conducted “due diligence” to ensure no documentation related to the event was destroyed. However, the agency “repeatedly refused to do so,” Grewal said.
His comments come a day after the US Office of the Comptroller of the Currency (OCC) eased its stance on how banks can engage with crypto just hours after US President Donald Trump vowed to end the prolonged crackdown restricting crypto firms’ access to banking services.
Trump’s remarks were made during the White House Crypto Summit, where he told industry leaders he was “ending Operation Chokepoint 2.0.”