FDIC's Redacted Pause Letters
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Regulation of currency is a fundamental government responsibility. Integration (or not) with crypto seems right in the middle of that wheelhouse. And if the FDIC's position is "we're not getting guidance on what the regulations are on crypto, so we recommend pausing activity," that's... Their job to say that? I mean... If the banks are asking "hey, will FDIC insurance be honored if we get crypto scammed" and the answer is "we don't know," the answer is we don't know.