Summary
- A U.S. court has ordered the Federal Deposit Insurance Corporation (FDIC) to completely revise the document restricting activities related to virtual assets.
- The FDIC must submit the revised document by January 3rd next year.
- Coinbase's Chief Legal Officer stated that they respect the court's decision.
Eleanor Terrett, a Fox Business reporter, reported on the 12th (local time) via X (formerly Twitter) that "a U.S. court has ordered the Federal Deposit Insurance Corporation (FDIC) to completely revise the document restricting banks' activities related to virtual assets (cryptocurrencies)."
Accordingly, the FDIC must submit the revised document reflecting the changes by January 3rd next year.
Paul Grewal, Chief Legal Officer (CLO) of Coinbase, stated, "We respect the court's decision. I don't know what the FDIC is trying so hard to hide."
Meanwhile, Coinbase had previously obtained and disclosed a document sent by the FDIC during the de-banking incident in 2022, requesting banks to "temporarily suspend all activities related to virtual assets."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
