Close Menu
Cryprovideos
    What's Hot

    BTSE Invests in Secure to Enhance Blockchain and Stablecoin Use

    August 7, 2025

    The Nice Convergence: Is TradFi Prepared for On-Chain Finance?

    August 7, 2025

    CZ Fights Again: Refuses to Pay FTX’s $1.8B, Says U.S. Legal guidelines Don’t Apply ‣ BlockNews

    August 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»Coinbase accuses FDIC of blocking entry to key paperwork | Dwell Bitcoin Information
    Coinbase accuses FDIC of blocking entry to key paperwork | Dwell Bitcoin Information
    Bitcoin

    Coinbase accuses FDIC of blocking entry to key paperwork | Dwell Bitcoin Information

    By Crypto EditorJanuary 21, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Coinbase accuses FDIC of blocking key paperwork, elevating issues about transparency and authorized compliance in its crypto investigation.

    Coinbase, a well-liked cryptocurrency alternate, has accused the Federal Deposit Insurance coverage Company (FDIC) of blocking entry to necessary paperwork. These are among the many paperwork from an investigation into the FDIC’s therapy of cryptocurrency companies. Nevertheless, Coinbase alleges the FDIC has not supplied the knowledge required beneath the Freedom of Info Act (FOIA), regardless of a court docket order.

    On January 17, Paul Grewal, Coinbase’s Chief Authorized Officer, had a unique message for the FDIC. He criticized the way in which the company processed the corporate’s FOIA requests. In X publish, Grewal defined the FDIC has not supplied Coinbase with necessary paperwork. This publish issues the FDIC’s communications with banks that provide cryptocurrency companies. The crux of the difficulty is ‘pause letters’, letters despatched by the FDIC to banks urging them to stop their crypto actions.

    Coinbase Requires Authorized Motion After FDIC Withholds Paperwork

    Beforehand, Coinbase had requested for all pause letters from its FOIA request in gentle of a report from the Workplace of Inspector Basic. For that cause, Coinbase thinks there could also be different pause letters on the market that FDIC has not publicly shared. In a letter to Coinbase asking the financial institution to seek for extra paperwork, the FDIC stated it may take as much as a 12 months to meet the request.

    Consequently, Coinbase has determined to file an replace on its FOIA grievance and notify the court docket relating to the incident. The FDIC will not be following the legislation by withholding the paperwork, the corporate argues.

    Whistleblowers have additionally expressed issues over this. The FDIC is being accused in some studies of wrongdoing, akin to mislabeling paperwork and never looking out all of the related databases. As well as, the FDIC is accused of utilizing taxpayer cash to research Coinbase itself. These allegations haven’t been responded to by the FDIC.

    Earlier this week, Senator Cynthia Lummis wrote a letter to the FDIC. Moreover, Senator Lummis has known as for the safety of crypto information. Coinbase, subsequently, insists on transparency and authorized compliance. Finally, the scenario stays beneath shut scrutiny.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    FinCEN Flags Surge in Bitcoin ATM Scams, Urges Tighter Controls – Bitbo

    August 7, 2025

    The place To Commerce Solana Choices? Greatest Crypto Choices Buying and selling App

    August 7, 2025

    Bitcoin Might See One other Crash To Fill This Imbalance Earlier than Rally To $120,000

    August 7, 2025

    Crypto Ban No Longer Possible for SEC, Bloomberg's High Columnist Says

    August 7, 2025
    Latest Posts

    FinCEN Flags Surge in Bitcoin ATM Scams, Urges Tighter Controls – Bitbo

    August 7, 2025

    Bitcoin Might See One other Crash To Fill This Imbalance Earlier than Rally To $120,000

    August 7, 2025

    Bitcoin, SOL Realized Cap Rise Slows—However ETH Accelerating

    August 7, 2025

    Bitcoin, Ether, XRP value bump pushes market sentiment to ‘Greed’

    August 7, 2025

    Indonesia Explores Bitcoin Mining for Nationwide Reserves – Bitbo

    August 7, 2025

    John Bollinger Points Bitcoin 'Head Faux' Warning

    August 7, 2025

    SBI Holdings Plans BTC-XRP ETF Launch, Make Stablecoin Push

    August 7, 2025

    Bitcoin protagonist within the file spherical of Satsuma Know-how

    August 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    21Shares recordsdata with SEC for spot ONDO ETF

    July 23, 2025

    High Crypto to Spend money on Proper Now November 9 – Chiliz, The Graph, Avalanche

    November 10, 2024

    Prime Crypto Gainers At the moment Feb 7 – Axelar, Livepeer, Gigachad, Astar

    February 10, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.