Coinbase Chief Legal Officer: FDIC recommends more than 20 banks to "suspend" cryptocurrency banking services

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Techub News reported that Paul Grewal, Chief Legal Officer of Coinbase, tweeted that after Coinbase filed two Freedom of Information Act (FOIA) requests with the Federal Deposit Insurance Corporation (FDIC), "we discovered that the FDIC has told over 20 banks to 'pause', 'not provide', or 'not continue' providing banking services for crypto."

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