Coinbase Files Lawsuit Against SEC and FDIC Over FOIA Requests

Coinbase has initiated legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) after their denial of Freedom of Information Act (FOIA) requests.



In a lawsuit filed in the U.S. District Court for the District of Columbia, the cryptocurrency exchange, represented by consultancy firm History Associates Inc., alleges that the SEC and FDIC have unfairly rejected its FOIA requests. These requests sought information related to the agencies' policies and actions regarding cryptocurrency regulation, which Coinbase claims are crucial for understanding the regulatory landscape.



The complaint asserts that both agencies have obstructed efforts to gain clarity on crypto-related policies, thereby violating FOIA obligations, which are designed to provide public access to government


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