Coinbase vs. FDIC Court Orders Agency to Disclose Crypto Crackdown Docs

  • Coinbase’s lawsuit against FDIC’s alleged crypto crackdown has reached a significant milestone.

  • The court has ordered FDIC to provide a “Vaughn Index,” which will expose the truth of Chokepoint 2.0.

  • MetaLawMan questions Congress’ silence on the government agencies’ suppression of the crypto industry.

Coinbase’s legal battle against the FDIC’s alleged crackdown on crypto has had much progress. As noted by Coinbase’s Chief Legal Officer, Paul Grewal, the court has directed the FDIC to provide a “Vaughn Index,” a detailed record of documents the agency is keeping from the public.

There’s progress in our FOIA suit against FDIC to get the "pause letters" sent to financial institutions "suggesting" they debank crypto firms. The Court ordered them to give up a "Vaughn Index," a sort of FOIA privilege log. Inch by inch, we will get to the truth of Chokepoint…

— paulgrewal.eth (@iampaulgrewal) September 19, 2024

Coinbase Challenges Government’s Crypto Stance

On June 27, 2024, Coinbase filed lawsuits against the Securities and Exchange Commission (SEC) and FDIC for their clampdown against the crypto industry. The lawsuits allege that th…

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