The FDIC has released 175 internal documents on "Operation Chokepoint 2.0," potentially hinting at a new direction taken by the agency to allow banking institutions to operate in the Bitcoin and digital assets sector without needing prior regulatory approval.
The records consist of the FDIC's correspondence with banks and other regulated entities regarding 'crypto' activities.
"The documents that we are releasing today show that requests from these banks were almost universally met with resistance, ranging from repeated requests for further information, to multi-month periods of silence as institutions waited for responses, to directives from supervisors to pause, suspend, or refrain from expanding all crypto or blockchain-related activity," said Travis Hill, the Acting Chairman of the agency.
The documents: https://www.fdic.gov/foia/correspondence-related-crypto-related-activities
Press release: https://www.fdic.gov/foia/correspondence-related-crypto-related-activities
