Coinbase says FDIC does not cooperate with the request for freedom of information in Exchange in the new court files
Coinbase’s legal representatives say that the Federal Deposit Insurance Corporation (FDIC) has not cooperated with the requests of the Freedom of Information Law (FOIA).
Coinbase tries to take advantage of FOIA to reveal FDIC counterparts that require banks to freeze encryption services, known as “Letters Pause”, but Top Us Crypto Excination says that the regulatory authority was not compatible with their information requests.
Paul Groal, the Coinbase’s chief legal official, claims that stopping letters were part of the “strangling point of 2.0”, an alleged attempt by the governmental organizers of the Biden administration to strangle the encryption industry.
The stock exchange rented partners of the law office, which presented a a movement In January, a federal intervention court was asked.
The following month, the court stopped the FDIC deadline to respond to the FOIA’s amended complaint of History partners “so that the two parties can engage in the process of exchanging informal information every two weeks,” according to the law firm.
Coinbase’s legal representation request related to FDIC’s response to its FOIA requests, specifically with regard to the policy of the organizer or the practice of “not performing complete inspections of all relevant databases and their failure to take sufficient steps to maintain responsive documents.”
in New movement History has been presented this week, History Associats says FDIC is “unwilling to cooperate” with the requests of this freedom of information law.
“The only life -long path is to resume the issue and move forward in litigation between the foundations.”
Last month, FDIC Absolute Transferred documents related to overseeing encryption activities, which include temporary interruption letters sent to 24 banks in addition to communications and records that involve other organized institutions.
After that, the Chairman of the House of Representatives Control Committee sent James Commer letter To the Chairman of the Board of Directors of the FDIC TRAVIS Hill requests unlikely copies of documents.
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