Close Menu
Cryprovideos
    What's Hot

    Shift in Blockchain Energy: 3 Prime Cryptocurrencies to Purchase Right now (3 June) as Capital Flows Into Utility

    June 4, 2025

    Why Bitcoin is a Life Raft Amid Rising US Debt | US Crypto Information

    June 4, 2025

    Solana Faces Crunch Time at $164 Resistance – BlockNews

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Coinbase Chief Authorized Officer Accuses FDIC of Deceit, Says Company Stonewalling FOIA Requests – The Every day Hodl
    Coinbase Chief Authorized Officer Accuses FDIC of Deceit, Says Company Stonewalling FOIA Requests – The Every day Hodl
    Crypto News

    Coinbase Chief Authorized Officer Accuses FDIC of Deceit, Says Company Stonewalling FOIA Requests – The Every day Hodl

    By Crypto EditorJanuary 21, 2025No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Coinbase’s chief authorized officer Paul Grewal is accusing the Federal Deposit Insurance coverage Company (FDIC) of stonewalling the highest US-based crypto alternate’s request for public data.

    In a brand new thread on the social media platform X, Grewal accuses the FDIC of being deceitful and refusing at hand over very important data pertaining to how the federal company moved to forestall banks from providing crypto-related companies.

    Coinbase has been utilizing the Freedom of Info Act (FOIA) to uncover cases of the FDIC asking banks to freeze crypto companies, generally known as “pause letters,” however Grewal says they aren’t totally complying.

    Coinbase-hired regulation agency Historical past Associates has now filed a movement asking the federal court docket to intervene.

    Says Grewal,

    “An image of deceit, obfuscation, and dangerous religion is coming into focus at FDIC. [This month] we’re reporting to the federal court docket that the company as soon as once more stonewalled legit requests for info in our case and that we’re transferring to amend our FOIA criticism to deal with their violations of regulation.

    Once we filed our unique request, we requested for all pause letters that have been recognized by the Workplace of Inspector Common. With out telling us or the court docket, FDIC restricted their seek for pause letters to solely these ‘contained’ within the report – so different pause letters could exist.

    Once we requested them to repair their supposed ‘affordable interpretation’ and cease enjoying phrase video games, they advised us it might take at the very least a yr. In the meantime, whistleblower reviews of widespread misconduct at FDIC are rising louder and louder, with allegations of improperly labeling paperwork, refusing to look sure databases, and even spending tax-payer sources researching me. We requested FDIC about this, [but] they didn’t reply.”

    Grewal vows to not let up on the pursuit of the knowledge.

    “I can’t presume to talk for the Court docket or Congress. But when FDIC thinks they’ll win in a staring contest towards Coinbase or the trade, they clearly underestimate us and our dedication to the regulation. We’re not going anyplace. And our legal professionals aren’t going anyplace.”

    Final month, Grewal mentioned the info they obtained to date has confirmed the notion that the US authorities was trying to undermine the digital asset trade.

    “The letters that present Operation Chokepoint 2.0 wasn’t just a few crypto conspiracy idea. FDIC remains to be hiding behind method overbroad redactions. They usually nonetheless haven’t produced greater than a fraction of them.”

    One instance included within the paperwork reveals FDIC assistant regional director Joseph Meade requested an unnamed financial institution in Dallas, Texas, to pause its crypto actions in 2022 as a result of the FDIC “has not decided what, if any, regulatory filings will likely be needed for a financial institution to have interaction in such a exercise.”

    Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox

    Verify Worth Motion

    Comply with us on X, Fb and Telegram

    Surf The Every day Hodl Combine

    &nbsp

    Coinbase Chief Authorized Officer Accuses FDIC of Deceit, Says Company Stonewalling FOIA Requests – The Every day Hodl

    Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses it’s possible you’ll incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in online marketing.

    Generated Picture: Midjourney





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Why Bitcoin is a Life Raft Amid Rising US Debt | US Crypto Information

    June 4, 2025

    Crypto Funds to California State Companies Inch Nearer to Actuality – Decrypt

    June 4, 2025

    In-Depth Assessment: How Delta Change Empowers Crypto Futures and Choices Merchants

    June 4, 2025

    UNDER EXPOSED EP 28 – Macro, Summer time Crypto Outlook & InfoFi Overheats – Decrypt

    June 4, 2025
    Latest Posts

    Why Bitcoin is a Life Raft Amid Rising US Debt | US Crypto Information

    June 4, 2025

    Will Musk Double Down on Bitcoin as U.S. Debt Soars?

    June 4, 2025

    Bitcoin ETF: information from the Belief “Fact Social Bitcoin ETF”

    June 4, 2025

    Main Bitcoin Worth Drop Alert: Crash To $98,000 To Gasoline Altcoin Shopping for Alternative

    June 4, 2025

    Bitcoin donation scandal triggers political disaster for Czech Prime Minister

    June 4, 2025

    Cloud Mining BTC Progress Technique in 2025: Earn Mining, Creating Steady Cryptocurrency Revenue

    June 4, 2025

    Bearish Predictions: Professional Suggests Bitcoin May Fall Far Under $10,000

    June 4, 2025

    Bitcoin Vs Ethereum: Who’s Social Media Rooting For?

    June 4, 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

    Unlawful Crypto Mining Causes $14M in Losses for Russian Energy Firm—Report

    February 27, 2025

    The SEC and Crypto: A Story of Misunderstanding and Missed Alternatives

    January 23, 2025

    Trump Household’s World Liberty Monetary Buys WBTC, ETH, MOVE Price $21.5M Forward Of White Home Crypto Summit

    March 6, 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.