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Reuters

Reuters

Business

Business & Economics

FDIC was cautious on crypto but did not tell banks to choke off sector, documents show

Reuters
Summary
Nutrition label

82% Informative

Federal Deposit Insurance Corporation releases 25 "pause letters" sent to unidentified banks.

Documents show regulators directed banks to pause dabbling directly in crypto in 2022 and 2023 .

But they did not direct them to stop providing banking services to crypto companies, the documents show.

The letters are being released weeks before President-elect Donald Trump's incoming administration is expected to outline a broad crypto policy overhaul.

VR Score

92

Informative language

97

Neutral language

73

Article tone

formal

Language

English

Language complexity

73

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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