Coinbase CLO Slams FDIC for 'Absurd' Delays in Crypto Debanking Records Lawsuit

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Decrypt 4d ago

Coinbase CLO Slams FDIC for 'Absurd' Delays in Crypto Debanking Records Lawsuit - Decrypt

Quick Summary:

Coinbase opposed FDIC’s request for a 16-day delay in a FOIA case, calling the agency’s stall tactics "legally incorrect.

Coinbase argues the FDIC’s response deadline is April 16, not May 2 as the agency claims in its own motion.

The disclosures fueled long-standing allegations that federal regulators, under the Biden administration, attempted to suppress the crypto industry by leaning on financial institutions behind closed doors.