The Federal Deposit Insurance Corporation has published 790 pages of correspondence regarding banks’ requests to provide crypto services. These requests often faced significant resistance and delays, illustrating the complexities involved in regulatory approval for such services.

Acting Chairman Travis Hill indicated a reevaluation of the FDIC’s supervisory methods towards crypto activities. Meanwhile, Coinbase filed two FOIA requests to obtain clarity on regulatory actions concerning crypto firms, amidst allegations from Senator Cynthia Lummis regarding document destruction linked to enforcement actions.