A US federal judge has criticized the Federal Deposit Insurance Corporation (FDIC) for overly editing emails sent to financial institutions with instructions to limit or suspend cryptocurrency transactions. Judge Ana Reyes demanded that the FDIC reconsider the approach to editing and reissue the documents justifying each change by January 3.

The letters, known as "pause letters," have reinforced suspicions about the existence of the administration's policy to restrict the crypto industry's access to banking services, dubbed "Operation Checkpoint 2.0." Representatives of the crypto community, including Coinbase, said that the FDIC's actions undermine confidence in regulators.