Coinbase locks horns with US FDIC and SEC, What happened?
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
We asked the SEC for documents about closed investigations to shed light on how the SEC views its newfound, sweeping authority. One of those investigations, which only recently closed, focused on ETH, which the SEC publicly announced is not a security in 2018. And…On the part of the FDIC, Grewal said the primary goal has been to cut crypto off from the banking system. This was showcased in the past in a case between Custodia Bank and the Federal Reserve.
As Paul Grewal noted, the firm asked the SEC for information on cases that might have given it the authority it has to maintain the kind of authority it currently wields. As he noted, the SEC has failed to respond to these requests even though one of the requests is linked to the recently Besides the SEC, the FDIC also violated the Freedom of Information Act when it failed to provide the letters it sent to financial institutions, asking them to indefinitely “pause” crypto-related activities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase sues SEC, FDIC over FOIA requests, says federal regulators trying to cut out cryptoCoinbase filed lawsuits against the SEC and FDIC for not complying with FOIA, and has asked a court to force those agencies to comply.
Read more »
Coinbase sues SEC, FDIC for information relating to crypto regulationThe move comes following the exchange’s attempts to retrieve information through the FOIA regarding three SEC investigations into crypto firms and entrepreneurs between 2018 and 2024.
Read more »
Coinbase sues SEC, FDIC over FOIA noncomplianceCoinbase has filed lawsuits against the SEC and FDIC, alleging non-compliance with FOIA requests related to Ethereum’s PoS transition. The suits claim regulatory efforts to undermine the crypto industry by excluding it from the banking sector.
Read more »
Coinbase Accuses U.S. SEC, FDIC of Improperly Blocking Document RequestsJesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Read more »
Coinbase Issues Key Filing Amid Ongoing SEC ClashCoinbase chief legal officer Paul Grewal highlights new developments in SEC legal tussle
Read more »
US SEC is ‘bent on choking’ the crypto industry — CoinbaseCryptocurrency exchange Coinbase believes that giving the SEC another opportunity to explain itself is “both pointless and exquisitely undeserved.”
Read more »