The FDIC has disclosed 790 pages of correspondence regarding banks' requests to provide crypto services, revealing a trend of resistance and delays from the regulatory body. Many requests were met with demands for further information and pause letters, indicating a cautious approach towards crypto-related activities. FDIC Acting Chairman Travis Hill noted the agency is reevaluating its supervisory approach to crypto, signaling a potential shift in regulatory stance. The documents included correspondence from 24 banking firms and featured previously unpublicized communications. Furthermore, Coinbase had previously filed Freedom of Information Act requests concerning the banking limitations on crypto firms. A US court mandated clearer documentation following heavy redactions in earlier releases. Additionally, Senator Cynthia Lummis directed the FDIC to retain all records related to crypto enforcement, threatening legal action against any attempts to destroy evidence linked to digital asset activities. The documents underscore the ongoing tension between traditional banking regulations and the evolving crypto landscape.

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