Kakidan for court papers filed on Tuesday, coinbase pushed back with hard work
The exchange wants more details about the so -called “poses letters”, which FDIC sent to banks, asked them to move away from crypto services. Now, the coinbase is motivating a judge to force FDLAIN under the oath of how he handled these records and handed over all the Foia refusal letters that Betien 2020 and 2024 have been released.
Report highlighted the stop letters
Based on the reports, FDIC applied a comprehensive discount to hide the first letters as “confidential bank exam records”. It did not mind to sort the facts with analysis.
Coinbase notes that have six separate documents for court orders and regulators, coughing major files. This is the argument of the process prepared, the argument of the exclusive, indicating that the agency still “takes our effects to light” targets the crypto on the previous motors.
Paul Grewal, the Chief Legal Officer of the Coinbase, wrote on X that the FDIC staff “continues to stonwall our efforts” and that these testic “stand” does not win the stand. “
We also find a proposal to find an additional discovery from FDIC to get to the bottom of our FOIA practices, which we see in our case is far from the demands of the law. The agency should taste through a 30 (b) (6) and this product that sends it to FOIA …
– Paulgrewal.eth (@Iampaulgrewal) 31 July, 2025
FDIC procedures under review
Reports have revealed that the International FDIC Policy Candidates fully exemption 8 to withdraw any document touch, “there is no duty to separate them from factual or separatist materials.”
In a January hearing, the regulators acknowledged the initial discovery that only the documents shared with the Inspector General of the agency were focused on.
The narrow scoped means significant email and memo – which mentions “poses letters” – already left.
Banking is a hit
For an AIMA survey, 75% Crypto Funds struggle to achieve basic banking services. Squeeze on banking partners has taken away transactions and disposal options for firms such as coinbase.
Banks are now careful with any indication of regulatory risk. If the court orders more oath testimony, it can brighten a light that has actually signed
In IT motion for further discovery, the coinbase also wants every FDIC to tell the FDIC officials for oath statements, how he declared what records to keep secret.
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