🚀 Coinbase, the largest crypto exchange in the United States, sued the SEC and FDIC for refusing to provide information under Freedom of Information Act requests. 📚
Coinbase accuses the agencies of evading transparency regarding cryptocurrencies and violating FOIA obligations.
🔍 The exchange hired consulting firm History Associates Inc in 2023 to file filings related to the SEC's approach to Ethereum and the classification of its native cryptocurrency Ether (ETH).
📝 After an FDIC report last October revealed a directive to financial institutions to suspend all transactions related to crypto assets, Coinbase asked the corporation to send copies of the letters.
📣 What do you think about this? Share your thoughts in the comments!