Coinbase News: Exchange Seeks to Resume Legal Battle Against FDIC Over Information Withholding

In a recent development, Coinbase, a prominent cryptocurrency exchange, has taken a significant step in its ongoing legal dispute with the Federal Deposit Insurance Corporation (FDIC). Here’s a detailed look at the latest update in this high-stakes legal battle.

Coinbase Asks Court to Resume Legal Battle Against FDIC

Coinbase, one of the world’s largest crypto exchanges, has requested the DC District Court to resume its litigation against the FDIC. The firm claims that the FDIC has stopped sharing information related to Operation Choke Point 2.0, despite previous cooperation. Coinbase has been pursuing the FDIC over this issue for months and has achieved notable results but seeks to continue the legal fight.

Coinbase Asks Court to Revive Lawsuit Against FDIC

Coinbase has requested the DC District Court to revive its lawsuit against the FDIC. The exchange claims the FDIC is withholding important documents and not fully cooperating with information requests. The lawsuit aims to force the FDIC to disclose records of conversations with banks related to cryptocurrency actions, including ’pause letters’ instructing banks to stop providing crypto services. Coinbase has been involved in a months-long dispute with the FDIC over Operation Choke Point 2.0 and is seeking court intervention due to the regulator’s lack of cooperation.