Coinbase in Legal Battle with FDIC over Cryptocurrency Clarity

US cryptocurrency exchange Coinbase is engaged in a legal tussle with the US Federal Deposit Insurance Corporation (FDIC) regarding access to information about bank responses to regulatory pressure on crypto services. Coinbase claims that the FDIC failed to adequately respond to requests for full content of communications known as ‘pause letters’ sent by the FDIC to banks, urging them to halt transactions related to cryptocurrency. 🔍