• Political interests pose a distraction for big governments in terms of regulation.
• Coinbase CLO exposed some findings the crypto exchange has made against the FDIC.
• Coinbase has received information about letters the FDIC sent to financial institutions.

Coinbase founder Brian Armstrong believes large governments often become overly influenced by politics and operate outside the law. He argues that smaller governments are better equipped to handle regulatory challenges because they face fewer political pressures.

Armstrong made these remarks on X after Coinbase Chief Legal Officer (CLO) Paul Grewal revealed findings from a Freedom of Information Act (FOIA) request the exchange made to the Federal Deposit Insurance Corporation (FDIC).

Grewal explained that the FDIC provided information about letters it sent to financial institutions as part of Operation Choke Point 2.0. He characterized …

The post Coinbase Accuses FDIC of Secretly Stifling Crypto Banking appeared first on Coin Edition.

• Political interests pose a distraction for big governments in terms of regulation.
• Coinbase CLO exposed some findings the crypto exchange has made against the FDIC.
• Coinbase has received information about letters the FDIC sent to financial institutions.

Coinbase founder Brian Armstrong believes large governments often become overly influenced by politics and operate outside the law. He argues that smaller governments are better equipped to handle regulatory challenges because they face fewer political pressures.

Armstrong made these remarks on X after Coinbase Chief Legal Officer (CLO) Paul Grewal revealed findings from a Freedom of Information Act (FOIA) request the exchange made to the Federal Deposit Insurance Corporation (FDIC).

Grewal explained that the FDIC provided information about letters it sent to financial institutions as part of Operation Choke Point 2.0. He characterized …

The post Coinbase Accuses FDIC of Secretly Stifling Crypto Banking appeared first on Coin Edition.