Coinbase Gains Insight into FDIC’s Role in Cryptocurrency Regulation

Coin-Turk 10 months ago 690

American cryptocurrency exchange Coinbase Global Inc has obtained undisclosed documents from the Federal Deposit Insurance Corporation (FDIC) as part of its investigation into Operation Chokepoint 2.0. According to Coinbase’s General Counsel Paul Grewal, the release of these documents required a court order from the FDIC. The previously undisclosed documents are now available to the public.

Documents from the FDIC

Following the FDIC’s release of redacted documents in December, a judge ordered the FDIC to publish the unredacted versions within days. This marked a significant victory for Coinbase in its Freedom of Information Act (FOIA) lawsuit.

In an update on the X platform, Grewal stated that the new documents reveal the FDIC’s coordinated effort to obstruct cryptocurrency transactions. He emphasized that this effort encompasses a wide range of activities, from basic Bitcoin $98,287

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