Uncovering Unaccounted Actions: Investigation into FDIC’s ‘Pause Letters’ Gains Traction

Crypto Lawyer, XRP Advocate Pushes for ChokePoint 2.0 Investigation

In a recent social media post, crypto lawyer and Ripple advocate, James Deaton, has called for an official investigation into the Federal Deposit Insurance Corporation’s (FDIC) “pause letters” to banks during 2022-23. This development comes as Coinbase, a prominent cryptocurrency exchange, made public a batch of redacted documents obtained through a court order.

Deaton argued that this investigation goes beyond digital assets, blockchain, and banking charters, instead being about holding unelected officials accountable for their actions. He believes these officials are using their power to limit access to financial systems, calling for transparency and accountability from the FDIC.

The social media post has been gaining traction in the cryptocurrency community, with many supporting Deaton’s call for an inquiry into the matter. Coinbase’s decision to release the documents publicly has sparked a wave of support from crypto enthusiasts and advocates like Nic Carter, who joined the calls for an investigation.

It remains to be seen how this development will unfold, but it is clear that there is growing pressure on the FDIC to provide greater transparency in their dealings with banks.

Source: bitcoinist.com