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

A U.S. bank regulator instructed lenders to pause direct involvement in crypto activities in 2022 and 2023, without stopping them from offering banking services to crypto companies. Released FDIC documents, following a lawsuit by Coinbase, reveal a cautious approach towards crypto, amidst scams and volatility, without completely severing ties with the crypto sector.