Coinbase wins in FOIA lawsuit against the U.S. Federal Deposit Insurance Corporation

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal announced that after Coinbase filed a FOIA request, a judge has ordered the Federal Deposit Insurance Corporation to release the Operation Chokepoint 2.0 suspension letter.

Grewal decided to reveal how Coinbase's FOIA request demonstrates multiple instances of the FDIC instructing banks to cease cryptocurrency-related services. This legal push is part of Coinbase's broader efforts to compel regulators to clarify their stance on cryptocurrencies and increase transparency through the submission of FOIA requests and other actions.