Share on linkedin Thursday seeking to compel financial regulators to hand over internal documents and communications related to past investigations and industry actions.The lawsuits were filed against the Securities and Exchange Commission and the Federal Deposit Insurance Corporation under the Freedom of Information Act .
The SEC and the FDIC denied providing all of the information Coinbase sought under separately filed FOIA requests in 2023, claiming one or more of the"Financial regulators have used multiple tools at their disposal to try to cripple the digital-asset industry," Paul Grewal, the firm's chief legal officer,Coinbase's claims — that the SEC is being "inconsistent" with its application of rules, and that the FDIC "pressured financial institutions" to cut off...