Coinbase Accuses FDIC of Withholding Key Documents on Crypto Oversight
Coinbase has actually implicated the Federal Deposit Insurance Corporation (FDIC) of obstructing access to vital files connected to its Freedom of Information Act (FOIA) demands about the monetary regulator's overreach in targeting crypto companies.
The crypto exchange declares that the FDIC is keeping crucial details in spite of a court judgment needing disclosure.
On January 17, Paul Grewal, Coinbase's Chief Legal Officer, slammed the FDIC's handling of its FOIA demands. The debate centers on the letters the FDIC provided to banks associated with cryptocurrency-related services.
These letters apparently encouraged banks to stop their crypto operations up until the firm finished regulative evaluations. While Coinbase was successful in getting a few of them through legal action, Grew...