• 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

Technical Indicators Show Bearish Signs for OFFICIAL TRUMP

chest

Technical analysis indicates bearish momentum for OFFICIAL TRUMP, with potential for further price declines.

user avatarDavid Robinson

OFFICIAL TRUMP Trading Volume Surges Amid Market Caution

chest

The trading volume of OFFICIAL TRUMP has increased significantly, while the broader crypto market sentiment remains fearful.

user avatarArif Mukhtar

Bitcoin Reclaims Top Payment Asset in 2025

chest

Bitcoin reclaimed the top position as the leading payment asset in 2025, representing 221 of all crypto payments.

user avatarMaria Gutierrez

Hungarian Government Introduces Otthontmogats Program for Debt Relief

chest

Hungarian government launches Otthontmogats program in 2026 to provide financial support for public service workers to manage housing costs and reduce debt.

user avatarAndrew Smith

OpenAI Seeks $50 Billion in New Funding from Middle Eastern Investors

chest

OpenAI is in discussions to raise approximately $50 billion from investment funds controlled by Middle Eastern governments.

user avatarJacob Williams

Vibe Coding Emerges as New Trend on Solana

chest

Vibe coding is gaining traction on the Solana blockchain, leveraging the meme token model to launch new applications and games.

user avatarZainab Kamara

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.