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Coinbase Blames FDIC for Refusal to Cooperate in Operation Choke Point 2.0

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Summary
Nutrition label

67% Informative

Federal Deposit Insurance Cooperation ( FDIC ) has refused to cooperate in Operation Choke Point 2.0 investigation.

The FDIC failed to disclose details about their handling of Freedom of Information Act ( FOIA ) practices.

On the other hand, the US OCC has rolled back 2020 guidance while allowing banks to engage with custody service providers.

While the FDIC is not cooperating on the matter, the OCC is reversing 2020 guidance that restricted banks from engaging and providing custody services for cryptocurrencies.

VR Score

47

Informative language

33

Neutral language

88

Article tone

formal

Language

English

Language complexity

60

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 affiliate links