Coinbase filed lawsuits against the US Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) on June 27. The lawsuits accuse the SEC and FDIC of failing to comply with Freedom of Information Act (FOIA) requirements, FoxBusiness reported. Coinbase claims that federal agencies are trying to exclude the crypto industry from the banking sector 😟. FOIA requests sent to the SEC sought information about the agency's views on Ethereum, in particular its transition to a proof-of-stake consensus mechanism.