The Federal Deposit Insurance Corporation (FDIC) has published 790 pages of correspondence related to banks' requests to offer cryptocurrency services, indicating a significant regulatory shift. Acting Chairman Travis Hill noted that previous requests from banks were often met with resistance, delays, and extensive information requests. The documents reveal interactions with 24 banking firms and others seeking crypto-related service permissions. Hill emphasized a reevaluation of the FDIC's supervisory approach to crypto activities. The release comes in light of ongoing scrutiny regarding the debanking of cryptocurrency firms, with Coinbase pursuing Freedom of Information Act requests related to these issues. A US court criticized the FDIC for excessive redactions in prior documents, prompting a call for greater transparency. Additionally, Senator Cynthia Lummis has urged the FDIC to preserve records concerning digital asset activities, linking these to regulatory investigations under Operation Chokepoint 2.0.

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