Coinbase sues SEC and FDIC for FOIA request non-compliance, aiming to access banking sector.

Crypto exchange Coinbase has filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for not fulfilling Freedom of Information Act (FOIA) requests. The company is seeking a court order to compel the agencies to provide the requested information. Coinbase accuses the regulators of attempting to hinder the crypto industry's access to the banking sector.

June 27, 2024
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