Coinbase continues its legal battle with the FDIC to address the agency's lack of transparency in Operation Choke Point 2.0.
Background of the Conflict
In February 2025, the lawsuit against the FDIC was paused after Travis Hill was appointed as the agency's acting chairman. However, Coinbase has returned to court, citing the lack of transparency from FDIC. Despite promises to improve cooperation, Coinbase believes it's still insufficient to resolve the conflict.
Coinbase's Position and Arguments
As the leading cryptocurrency exchange in the US, Coinbase argues that the FDIC's actions create a hostile environment for cryptocurrency businesses by limiting access to banking services. Additionally, these actions, according to Coinbase, violate both due process and the First Amendment.
Potential Implications
A successful revival of the lawsuit could affect not only the cryptocurrency industry but also regulatory agencies’ activities. Coinbase argues that court intervention may prevent FDIC's overreach in the future and support the growth of digital assets.
The ongoing legal proceedings between Coinbase and FDIC could play a key role in shaping future cryptocurrency policy in the US.
