Forged files for reviving lawsuits against FDIC via crypto transparency

Coins submitted the request to the DC District Court to continue its freedom of the Act on the Pro Administrative against the Federal Corporation for Deposit Insurance.

The exchange states that it is FDIĆ It still retains key documents and does not fully cooperate with its information requirements.

This legal action seeks to receive records related to FDIC communication with banks related to cryptocurrency activities, especially in connection with the so-called so-called “Pause letters” which have sent banks to stop the services related to crypto. ​

The lawsuit was paused in February 2025. After the appointment of President Trump Travis Hill as an act of president of FDIC. Hill promised to improve the transparency of the agency outside FoIa requests, raising hope that the matter could be solved outside the court.

COINBASE MAIN LEGAL CLAITER, PAUL GREVAL, told Eleanor Terrett There is dissatisfaction with the insufficient of Fdic’s transparency. He admitted that cooperation has improved under a new leadership, but it feels that it is still not enough.

FDIC is expected to answer Coinbase’s Request within two weeks.

FDIC and Banking

FDIC recently announced These banks are no longer needed to obtain prior approval for inclusion in legally permitted creptocular activity activities, provided they are effectively managed by related risks.

This policy reversion indicates a significant transition from the previous administration even more careful attitude on banking services related to crypto.

Legal actions Konobas are part of the wider effort to discover evidence “Operation Chokepoint 2.0”, an alleged coordinated attempt at financial regulators to limit access to the crypto industry by banking services.

Documents obtained through Previous requests for Foia It proposes that FDIC issued letters to banks, counseling to pause the activities related to crypto, which amounts of collection in the form of harmonized efforts to stifle the innovations of cryptocurrency. ​