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The Federal Deposit Insurance Corporation (FDIC) has faced allegations of attempting to cover up its actions against cryptocurrency clients, as claimed by Coinbase's Chief Legal Officer, Paul Grewal. Grewal alleges that the FDIC misused a Freedom of Information Act (FOIA) exemption to hide documents related to its efforts, which he refers to as part of 'Operation Choke Point 2.0.' This operation is said to target the crypto industry by limiting its access to banking services. Coinbase has sued the FDIC to enforce the FOIA and reveal these documents. Whistleblowers have also raised concerns about the FDIC's use of attorney-client privilege to suppress documents related to these actions. Amidst these allegations, FDIC Vice Chair Travis Hill, in a speech at an American Bankers Association (ABA) meeting, has publicly criticized the agency's approach to digital assets, calling for a more open-minded stance towards cryptocurrency and an end to tactics reminiscent of 'Operation Choke Point 2.0.' Hill emphasized that efforts to debank law-abiding customers are unacceptable and that there is no place at the FDIC for those who have supported such initiatives. The FDIC had sent 'pause letters' to banks, urging them to halt services to crypto clients until further notice from the regulator.