Coinbase Wins Court Order for FDIC Transparency on Crypto Banking Restrictions 🥳
#Coinbase achieved a significant legal victory as a judge ordered the FDIC to release “Operation Chokepoint 2.0” pause letters following a Freedom of Information Act (#FOIA ) request.
Paul Grewal, Coinbase’s Chief Legal Officer, hailed this as a critical step toward transparency, as Coinbase continues to pressure regulators to clarify their stance on crypto. This legal push follows allegations that the FDIC instructed banks to cap crypto deposits and limit crypto-related services without public comment. The decision is part of Coinbase’s broader campaign to hold U.S. #regulatory agencies accountable by enforcing FOIA compliance.
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