• 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

OpenSea Leadership Denies Rumors of Token Sale Amid Coinbase Speculation

chest

OpenSea leadership denies rumors of a $150 million token sale following a deleted tweet from Coinbase.

user avatarLi Weicheng

Kiyosaki Warns of Major Economic Shifts Due to AI

chest

Kiyosaki warns of a major economic crash driven by AI and automation, highlighting the uncertain global financial climate and the need for asset diversification.

user avatarAisha Farooq

Transition from LIBOR to SOFR Enhances Swap Integrity

chest

The transition from LIBOR to SOFR is highlighted as a significant improvement in the reliability of interest rate derivatives.

user avatarBayarjavkhlan Ganbaatar

Ten Proven Strategies for Leveraging Interest Rate Swaps

chest

The article outlines ten strategies for leveraging Interest Rate Swaps to create value and manage risks effectively.

user avatarMohamed Farouk

Mastering Interest Rate Swaps for Financial Optimization

chest

Financial professionals are encouraged to master Interest Rate Swaps (IRS) to enhance returns and manage risks effectively.

user avatarElias Mukuru

Fruugo Marketplace Launches Online Work Platform in India

chest

Fruugo Marketplace Online Work Platform is set to revolutionize digital employment in India.

user avatarTenzin Dorje

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.