Coinbase Rekindles FOIA Lawsuit Against FDIC for Crypto Regulatory Transparency

Coinbase has reignited its fight for greater regulatory transparency from the FDIC. The company’s lawsuit, focused on Freedom of Information Act (FOIA) requests related to past regulatory actions, aims to shed light on previously opaque decisions impacting the cryptocurrency industry. While improvements in cooperation under new leadership are noted, Coinbase argues that insufficient transparency remains a hurdle. The move could significantly influence future regulation of cryptocurrencies and their interaction with regulators.