US District Judge Ana Reyes issued an order directing the FDIC to re-review four heavily redacted crypto letters it handed over in response to a Freedom of Information Act lawsuit filed on behalf of Coinbase. Last week, the parties in the case made public 23 missives between FDIC and regulated institutions in which the regulator directed banks to slow or pause crypto efforts to accommodate additional regulatory discussions. All the correspondence contained redactions to obscure the financial institutions and products at issue. Relatedly, FDIC Chair Martin Gruenberg told reporters that the agency’s directives for some banks to pause crypto-related activities do not amount to “debanking” of the industry, but are instead based on concern for the risks posed by banks’ involvement with digital assets.