PANews reported on November 2 that according to Cointelegraph, Paul Grewal, chief legal officer of Coinbase, claimed that so far, more than 20 examples of FDIC requiring banks to "suspend" or "stop providing" or "not continue" to provide crypto banking services have been found. The public should get transparency, not an agency working behind the scenes of bureaucracy.

Previously, Coinbase submitted two requests under the Freedom of Information Act (FOIA) to the Federal Deposit Insurance Corporation (FDIC, the US agency responsible for insuring bank deposits) asking them to disclose information about the ongoing cryptocurrency crackdown by US banks.