According to CoinDesk, communication records obtained by a research firm commissioned by Coinbase show that in 2022, the Federal Deposit Insurance Corporation (FDIC) suspended or blocked cryptocurrency banking operations in a large number of US banks. HistoriyAssociates Inc., a research firm hired by Coinbase In June of this year, a lawsuit was filed against the FDIC and the Securities and Exchange Commission (SEC), ultimately obtaining access to some of the FDIC's internal communication records. A large number of blacked out documents released on Friday showed that the banking regulatory agency had suspended multiple banks from providing or planning to provide digital asset related products and services. According to one of the 23 letters shared by this cryptocurrency exchange, the regulatory agency wrote: "We respectfully request that you suspend all cryptocurrency related activities. @ftionbbb