CryptoLaw has accused the Federal Deposit Insurance Corporation (FDIC) of having misplaced priorities in the crypto debanking debate. The accusation comes after it was revealed in a class action lawsuit against payroll firm Deel that the company facilitated payments to users of Russia's T-Bank, despite sanctions against Russia. Crypto proponents argue that the FDIC has targeted legitimate crypto firms while allowing U.S. companies to send money to sanctioned Russian banks. The debate surrounding the debanking of the crypto industry in the U.S. has been ongoing, with some believing that regulators are trying to exclude crypto from the banking sector. Coinbase has also obtained letters from the FDIC that instruct banks to pause crypto services to customers, although the FDIC has stated that these instructions were meant to discourage banks from adding crypto to their balance sheets and not targeted at individual customers.



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