🚨 Coinbase Challenges FDIC in Groundbreaking Legal Brief

🏛 Coinbase has filed an opposition brief in its FOIA case against the U.S. FDIC, pushing back on what it calls a systematic effort to withhold key documents related to crypto oversight.

📢 The case revolves around so-called “pause letters” the FDIC allegedly sent to banks, instructing them to halt crypto services. Coinbase argues the FDIC is misusing FOIA Exemption 8 to block transparency, redacting documents and offering vague justifications.

⚖️ Chief Legal Officer Paul Grewal stated this is part of a broader pattern of regulatory suppression aimed at disconnecting crypto firms from the banking system. The court previously rejected the FDIC’s blanket refusal to release the documents — marking this as a high-stakes battle over transparency and fair access.

🌐 This case could shape how federal agencies handle crypto oversight moving forward.

#Crypto #Coinbase #FDIC #Regulation #Blockchain

https://coingape.com/coinbase-files-opposition-brief-in-foia-case-against-u-s-fdic/?utm_source=bnb&utm_medium=coingape