• 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 month 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

Cryptocurrency Payments: New Methods and Trends in 2025

Cryptocurrency payments are becoming increasingly popular: exploring the methods and trends of 2025.

user avatarGiorgi Kostiuk

21 minutes ago

Federal Reserve Allows U.S. Banks to Engage in Crypto Activities

The Federal Reserve lifts restrictions for banks, allowing them to interact freely with cryptocurrencies, potentially impacting the market.

user avatarGiorgi Kostiuk

22 minutes ago

Cryptocurrency Market Movements on April 25, 2025

The cryptocurrency market on April 25, 2025: notable price movements and new listings on CoinMarketCap.

user avatarGiorgi Kostiuk

23 minutes ago

MAGACOINFINANCE: A Fresh Perspective on Investing in Alternative Tokens

MAGACOINFINANCE attracts attention as an alternative token with growth potential.

user avatarGiorgi Kostiuk

25 minutes ago

Bitget Announces Updates to Liquidity Incentive Program for 2025

Bitget has revealed updates to its Liquidity Incentive Program set for May 1, 2025, including new competitive fees and improved rewards.

user avatarGiorgi Kostiuk

25 minutes ago

Is XRP Too Big to Invest? Exploring Alternatives: XCN and XLM

This article reviews XCN and XLM as potential investment options instead of XRP.

user avatarGiorgi Kostiuk

26 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.