💩 Coinbase is suing the SEC and the Federal Deposit Insurance Corporation (#FDIC )
The reason is the refusal to clarify the situation regarding cryptocurrency sector regulation.
💩 The exchange stated that the regulators did not comply with the requirements of the Freedom of Information Act. Specifically, this concerns past inquiries about Ethereum and the regulator's interpretation of the asset.
Here is a quote from the case:
"For nearly two years, various federal financial regulators, including the Securities and #exchange Commission, the Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System, have employed the full arsenal of their tools, actively attempting to harm the #digitalassets industry."
💩 Coinbase's interests are represented by the consulting firm History Associates.
