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

U.S. Regulators Under Pressure as Coinbase Demands Clarity

user avatar

by Giorgi Kostiuk

a day ago


Coinbase is pushing for transparency from U.S. regulators, facing challenges in the process. The platform has filed Freedom of Information Act requests to clarify the actions taken by government agencies against crypto companies.

Coinbase Fights Against Operation Chokepoint 2.0

The crypto exchange Coinbase requested documents from the Federal Deposit Insurance Commission (FDIC) to understand its involvement in 'Operation Chokepoint 2.0'. This initiative allegedly aims to restrict crypto companies from accessing banking services. However, when FDIC finally responded, Coinbase claimed key details were still withheld. Chief Legal Officer Paul Grewal accused FDIC of unwillingness to share critical information.

The Demand for SEC’s Legal Spending Records

Coinbase also filed a similar request with the Securities and Exchange Commission (SEC) to find out how much the agency spent on legal actions against crypto firms. Coinbase notes that many cases brought against crypto companies by the SEC ended in dismissal or were dropped. The exchange is concerned about the public resources being spent on these legal pursuits, including hiring expensive third-party contractors.

Coinbase Calls for Transparency in Crypto Regulation

Coinbase's confrontation with regulators highlights the ongoing issue between the crypto industry and the U.S. government. Previously, authorities imposed additional challenges for crypto companies rather than developing clear rules. Coinbase is calling for more openness from FDIC and SEC, suggesting it could alter the crypto market’s future.

Coinbase is persistently seeking transparency from U.S. regulators, believing that revealing government actions will play a crucial role in the future development of the cryptocurrency sector.

0

Share

Other news

BinaryX (BNX) Sees Remarkable Growth Among Gaming Tokens, Immutable (IMX) Might Follow

BinaryX (BNX) surged 300% in 60 days. Immutable (IMX) fell 57%, but may track BNX's success.

user avatarGiorgi Kostiuk

a minute ago

Home Invasion of Amouranth: Attackers Target Cryptocurrency

Intruders attacked streamer Amouranth's home, threatening her with a gun to steal her cryptocurrency.

user avatarGiorgi Kostiuk

5 minutes ago

MicroStrategy Boosts Bitcoin Holdings to 499,096 BTC

MicroStrategy's Bitcoin holdings increased to 499,096 coins, influencing market volatility and institutional strategies.

user avatarGiorgi Kostiuk

5 minutes ago

Investors Withdraw $935 Million from Bitcoin Spot ETF

Investors continue withdrawing from Bitcoin Spot ETF, total outflows hit $5.4 billion. Inflation fears put pressure on the market.

user avatarGiorgi Kostiuk

6 minutes ago

XRP Market: The Implications of a Price Drop

XRP drops 8%, amid regulatory scrutiny and technical outlook.

user avatarGiorgi Kostiuk

13 minutes ago

Best Coins to Invest in This Month: Qubetics, Monero, and Tron

Qubetics, Monero, and Tron attract crypto enthusiasts with unique features and promising prospects.

user avatarGiorgi Kostiuk

14 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.