• 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

Institutional Catalysts and ETF Expectations for XRP

chest

The potential approval of XRP-related exchange-traded products could enhance liquidity and demand dynamics.

user avatarSatoshi Nakamura

BADMAD ROBOTS Project Paused Due to Lack of Funding

chest

The development team of BADMAD ROBOTS announced the indefinite pause of their Web3 shooter project after running out of capital.

user avatarJesper Sørensen

Polygon Price Experiences Local Correction Amidst Market Fluctuations

chest

Polygon price has pulled back by 16 from its highest point this month, entering a local correction.

user avatarFilippo Romano

Trump Questions Political Viability of Machado After Nobel Offer

chest

During a White House meeting, President Trump acknowledged Machado's Nobel Peace Prize offer but questioned her political viability in Venezuela.

user avatarLucas Weissmann

Mara Corina Machado Proposes Sharing Nobel Peace Prize with Trump

chest

Venezuelan opposition leader Mara Corina Machado proposed to share her 2025 Nobel Peace Prize with US President Donald Trump during a meeting at the White House on January 15, 2026.

user avatarRajesh Kumar

Lessons from Solana Reinforce Early Participation in Crypto

chest

Solana's market history emphasizes the importance of early conviction and participation in crypto investments.

user avatarEmily Carter

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.