According to information obtained by a research firm hired by Coinbase Inc. (COIN), in 2022, the Federal Deposit Insurance Corp. suspended or blocked crypto banking activities of a large number of U.S. banks. History Associates Inc., a helper hired by Coinbase, took the FDIC and the Securities Exchange Commission to court in June and eventually gained access to certain internal FDIC communications. The bulk of redacted documents released Friday show that bank regulators have taken drastic measures against lenders that offer or consider offering products and services in the digital asset space.