The post Coinbase Secures Fundamental Legal Win at 2025 Start: Details appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Major crypto exchange Coinbase has kicked off 2025 with a fundamental legal win. In a tweet, Coinbase’s Chief Legal Officer Paul Grewal revealed that the company has finally obtained the unredacted OCP 2.0 letters from the Federal Deposit Insurance Corporation (FDIC). This achievement came after a court order mandated the release of these documents and also clearing the redactions. “We finally got the unredacted OCP 2.0 letters from FDIC. It took a Court order but you can now read them for yourself below,” Grewal said. Operation Chokepoint OCP 2.0 refers to an administrative policy that restricts financial services to entities, including payday lenders and other “undesirable” businesses. We finally got the unredacted OCP 2.0 letters from @FDICgov. It took a Court order but you can now read them for yourself below. They show a coordinated effort to stop a wide variety of crypto activity — everything from basic BTC transactions to more complex offerings. 1/3 — paulgrewal.eth (@iampaulgrewal) January 3, 2025 Coinbase Chief Legal Officer Paul Grewal added that the letters showed efforts by the banking regulator to stop lenders from offering or considering products and services in the digital assets sector. “They show a coordinated effort to stop a wide variety of crypto activity — everything from basic BTC transactions to more complex offerings,” Grewal stated.…

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Filed under: News - @ January 4, 2025 12:17 pm