Coinbase has filed lawsuits against the SEC and FDIC for not complying with Freedom of Information Act (FOIA) requests, accusing them of trying to cut off the crypto industry from banking.
FOIA requests allow for the public to ask for records from any federal agency.
The FOIA requests sent to the SEC asked for information about how the agency views ETH and records on past two investigations, Zachary Coburn and Enigma MPC.
The FOIA requests sent to the FDIC sought for information on their “pause letters” issued between March 2022 and May 2023 to some financial institutions asking them to not expand crypto-related activities.
