• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Coinbase's Lawsuit Against FDIC Gains Momentum: Court Orders Document Disclosure

user avatar

by Giorgi Kostiuk

a year ago

  1. Coinbase's Legal Battle Against FDIC
  2. Significance of the Court's Decision
  3. Congress' Silence and MetaLawMan's Questions


    4. Coinbase's legal battle against the Federal Deposit Insurance Corporation (FDIC) over alleged crypto crackdown has seen significant progress.

    Coinbase's Legal Battle Against FDIC

    On June 27, 2024, Coinbase filed lawsuits against the Securities and Exchange Commission (SEC) and FDIC, accusing them of cracking down on the cryptocurrency industry. The lawsuits allege that both agencies have hindered the sector's development.

    “There’s progress in our FOIA suit against FDIC to get the 'pause letters' sent to financial institutions 'suggesting' they debank crypto firms. The Court ordered them to give up a 'Vaughn Index,' a sort of FOIA privilege log. Inch by inch, we will get to the truth of Chokepoint…”Paul Grewal, Chief Legal Officer of Coinbase

    Significance of the Court's Decision

    The court has ordered FDIC to provide a 'Vaughn Index,' a detailed record of documents the agency is keeping from the public. This decision could shed light on the measures taken against crypto firms as part of Operation 'Chokepoint 2.0.'

    Congress' Silence and MetaLawMan's Questions

    MetaLawMan questions Congress’ silence on the actions of government agencies aimed at suppressing the cryptocurrency industry. These questions focus on potential overreach and lack of transparency in the agencies' actions.

    The court's decision requiring FDIC to provide documentation could be a significant step in uncovering the true motives and actions of agencies targeting the cryptocurrency industry. Congress' silence continues to provoke questions and discussions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

KuCoin Announces Sealed-Bid Dutch Auction for ZAMA Tokens

chest

KuCoin and Zama are launching a sealed-bid Dutch auction for ZAMA tokens from January 21 to January 24, 2026, featuring 880 million tokens and a high ceiling price of 500 USDT per token.

user avatarGustavo Mendoza

Mixed Reactions to Aggressive Promotion of LIZARD Token

chest

The cryptocurrency community has shown mixed reactions to the aggressive promotion of the LIZARD token by the new leadership at Lizardonbonk.

user avatarRajesh Kumar

McLaren Racing and Hedera Launch Web3 Fan Experiences

chest

McLaren Racing has partnered with Hedera to launch Web3 fan experiences and digital collectibles, starting in 2026.

user avatarMiguel Rodriguez

TURBO Community Engagement Supports Price Stability

chest

TURBO maintains steady engagement metrics despite market fluctuations, indicating a shift in market participation quality.

user avatarLuis Flores

ZKP's Transparent Structure Appeals to Cautious Retail Investors

chest

ZKP's presale structure eliminates private rounds and insider advantages, appealing to retail investors seeking fairness.

user avatarArif Mukhtar

Inside USA House Event in Davos Shows No Links to Cryptocurrency

chest

The recent Inside USA House event in Davos has drawn attention, but thorough verification has revealed no connections to cryptocurrency discussions.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.