Coinbase Chief Legal Officer: We have received an uncensored version of the OCP 2.0 letter from the FDIC, and the new Congress should immediately initiate a hearing

2025-01-05 00:47

Odaily Planet Daily News: Paul Grewal, Chief Legal Officer of Coinbase, stated in an article on X: "We have finally received an uncensored version of the OCP 2.0 letter from the FDIC (Federal Deposit Insurance Corporation). This is a court order, but you can now read them below. This demonstrates a coordinated effort aimed at preventing various cryptocurrency activities, from basic BTC trading to more complex products. Please note that the FDIC had previously stated that it had complied with earlier court orders, but miraculously found two other suspension letters in this search. Every time we take action, we always discover new problems, and it's hard to trust their sincerity. The new Congress should immediately initiate hearings on all these issues Well done. As a former bank GC, these letters convey a message: shut down all content related to cryptocurrency as soon as possible - not just the products and services mentioned. Writing directly to the board of directors is a rare and cautious approach. These letters are intended to have an impact on the bank

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