• 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

ExtraVod Analyzes XRP's Price Structure and Bullish Signals

chest

ExtraVod analyzes XRP's price structure and identifies a hidden bullish divergence in the weekly RSI, suggesting a potential rebound after a flash crash.

user avatarJacob Williams

Knovus Daily Quiz Unveils New Prizes.

chest

Knovus Daily Quiz launches on December 7, 2025, allowing participants to earn tokens by answering questions correctly, enhancing blockchain knowledge.

user avatarZainab Kamara

China's PBoC Intensifies Crackdown on Virtual Currencies

chest

The People's Bank of China (PBoC) has intensified its crackdown on virtual currencies, focusing on stablecoins and anti-money laundering risks, classifying them as illegal financial activities.

user avatarSon Min-ho

LTC Faces Bearish Pressure Near Key Support Zone

chest

Litecoin (LTC) is trading near a critical support zone, reflecting bearish pressure and caution among traders.

user avatarAyman Ben Youssef

LTC Correlates with Bitcoin Amid Market Caution

chest

Litecoin's price movements are closely tracking Bitcoin's, with both assets showing similar volatility and market behavior.

user avatarTando Nkube

MemHustle Introduces Daily Riddle Feature for Crypto Rewards.

chest

MemHustle launches a daily riddle feature for users to earn cryptocurrency rewards.

user avatarKofi Adjeman

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.