FDIC discloses confidential documents revealing details on combating digital currency businesses. Coinbase's legal manager to testify tomorrow in Congress.
The Federal Deposit Insurance Corporation (FDIC) disclosed 175 confidential documents, unveiling fresh details on its operations against digital currency businesses known as Choke Point 2.0. Travis Hill, the interim head of FDIC who had previously criticized the anti-digital currency policies of the institution, stated in a release accompanying the publication of these documents that FDIC’s approach to digital assets and blockchain technology has led to the perception that this institution is against any blockchain-related activity. The release of these documents coincides with the US Congress’ investigations into the Choke Point 2.0 operations, and tomorrow, Coinbase’s legal manager is scheduled to testify on this matter in Congress.
