Coinbase’s chief legal officer Paul Grewal is accusing the Federal Deposit Insurance Corporation (FDIC) of stonewalling the top US-based crypto exchange’s request for public records.
In a new thread on the social media platform X, Grewal accuses the FDIC of being deceitful and refusing to hand over vital records pertaining to how the federal agency moved to prevent banks from offering crypto-related services.
Coinbase has been using the Freedom of Information Act (FOIA) to uncover instances of the FDIC asking banks to freeze crypto services, known as “pause letters,” but Grewal says they are not fully complying.
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Coinbase-hired law firm History Associates has now filed a motion asking the federal court to intervene.
Says Grewal,
“A picture of deceit, obfuscation, and bad faith is coming
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