Ethereum

2024

Coin

<ul class="news-points"> 
 <li><strong>Coinbase has filed a lawsuit against SEC and FDIC for not complying with FOIA.</strong></li> 
 <li><strong>The lawsuit claims aggressive regulatory actions hindered the crypto industry’s banking access.</strong></li> 
 <li><strong>Coinbase seeks information on the SEC’s stance on Ethereum and its regulatory authority.</strong></li> 
</ul> 
<p>Coinbase has sued the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC), accusing the agencies of stonewalling public records requests and stifling the crypto industry through aggressive regulatory practices.</p> 
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   <p lang="en" dir="ltr">Financial regulators have used multiple tools at their disposal to try to cripple the digital-asset industry. <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@SECGov</a> has claimed sweeping authority, but refuses to provide any rules, let alone consistent or coherent ones. While <a href="https://twitter.com/FDICgov?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@FDICgov</a> pressured financial institutions to cut…</p>— paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1806299309836746909?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 27, 2024</a>
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<p>The filing, submitted to the U.S. District Court for the District of Columbia, requests a court order compelling the release of the requested information. The lawsuit further claims that both agencies have used aggressive regulatory measures to impede the crypto industry’s access to the banking sector. Coinbase also…</p>
<p>The post <a href="https://coinedition.com/coinbase-alleges-sec-and-fdic-stonewalling-on-ethereum-stance-in-foia-lawsuit/">Coinbase Alleges SEC and FDIC Stonewalling on Ethereum Stance in FOIA Lawsuit</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Coinbase Alleges SEC and FDIC Stonewalling on Ethereum Stance in FOIA Lawsuit

Coin Edition

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