Coinbase Sues SEC and FDIC

In a bold legal move, Coinbase, the largest digital asset exchange in the United States, has filed lawsuits against two major federal regulators: the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC).

Coinbase sues SEC and FDIC, believing that the agencies deliberately failed to comply with Freedom of Information Act (FOIA), accusing them of withholding crucial information related to the regulation of Bitcoin and digital assets.

Coinbase’s legal actions focus on FOIA requests that were denied by the SEC and FDIC. These requests were aimed at uncovering the agencies’ internal communications and decisions regarding the digital…

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