PANews reported on November 3rd that according to DL News, Paul Grewal, chief legal officer of Coinbase, accused the Federal Deposit Insurance Corporation (FDIC) of taking covert actions to suppress the crypto industry. Grewal claimed that documents obtained through the Freedom of Information Act showed a series of so-called "suspension letters" in which the FDIC instructed banks to delay or stop providing services to crypto companies, citing concerns about "safety and soundness" and potential consumer risks. Grewal pointed out that the FDIC was unfairly targeting legitimate crypto companies and limiting their access to banking services. Documents shared by Coinbase show that in each case, the FDIC asked the bank to wait until it completed further review, a process that Coinbase believes sets unfair barriers for crypto companies.