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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.
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