Buckle up, folks! The FDIC has been playing a game of cat and mouse with the crypto world, and the gloves are off. 🤯 According to a trove of newly released documents, the agency has been throwing up roadblocks left and right for banks looking to offer crypto services. 🚧
It seems the FDIC has been dragging its feet, demanding endless information, and even sending out “stop letters” to banks that dared to venture into the crypto realm. 🤦♀️ But wait, there’s more! The agency is now reviewing its stance on crypto-related operations, which could mean a major shift in its attitude. 🤔
And let’s not forget the juicy details about Coinbase’s FOIA requests, which uncovered a mysterious 15% cap on bank deposits for crypto companies. 💰 Sounds like someone’s been playing a little too much “hide and seek” with the crypto crowd. 🙈
But the real kicker? A U.S. judge has called out the FDIC for its excessive redactions, saying they’re a “lack of good-faith effort.” 🤯 Looks like the agency’s attempts to keep the crypto secrets under wraps have been as successful as a toddler trying to hide a cookie. 🍪
So, what’s the FDIC hiding? 🤔 Tune in to find out, because this crypto-drama is just getting started! 🚀 🤑
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2025-02-05 23:33