Coinbase Sues SEC and FDIC Over Withheld Crypto Regulation Documents
The lawsuits challenge the agencies' refusals to release information on past investigations and regulatory actions against the digital-asset industry.
Overview
- Coinbase, with History Associates, filed lawsuits demanding documents under the Freedom of Information Act.
- The SEC and FDIC are accused of improperly withholding records on crypto-related investigations and enforcement.
- Requests include SEC's views on Ethereum and documents on past cases involving Etherdelta and Enigma MPC.
- The FDIC allegedly pressured banks to halt crypto activities through undisclosed 'pause letters.'
- Coinbase seeks transparency to understand regulatory stances that impact the crypto industry.