Coinbase sues SEC, FDIC for information relating to crypto regulation
Fox Business • 600 days
Low Materiality0/10
Information
The move comes following the exchange's attempts to retrieve information through the FOIA regarding ...
Original sourceAI Summary
- Coinbase is suing the SEC and FDIC for information on crypto regulation. - Requests were made regarding SEC investigations and FDIC's pause letters. - Denied access to documents under FOIA, similar to previous SEC case. - Industry players equate regulated efforts to Operation Chokepoint 2.0 for crypto. - Massive backlog of FOIA requests revealed for 2022. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Legal
Market-Moving
- Coinbase is suing the SEC and FDIC for information on crypto regulation.
- Requests were made regarding SEC investigations and FDIC's pause letters.
- Denied access to documents under FOIA, similar to previous SEC case.
Key Facts
- Coinbase is suing the SEC and FDIC for information on crypto regulation.
- Requests were made regarding SEC investigations and FDIC's pause letters.
- Denied access to documents under FOIA, similar to previous SEC case.
- Industry players equate regulated efforts to Operation Chokepoint 2.0 for crypto.
- Massive backlog of FOIA requests revealed for 2022.