PANews reported on August 1st that, according to Decrypt, Coinbase Chief Legal Officer Paul Grewal revealed that the exchange has filed a motion in federal court accusing the Federal DepositPANews reported on August 1st that, according to Decrypt, Coinbase Chief Legal Officer Paul Grewal revealed that the exchange has filed a motion in federal court accusing the Federal Deposit

Coinbase Legal Director: FDIC Still Trying to "Stop" Public Crypto Debanking Documents

2025/08/01 18:36
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

PANews reported on August 1st that, according to Decrypt, Coinbase Chief Legal Officer Paul Grewal revealed that the exchange has filed a motion in federal court accusing the Federal Deposit Insurance Corporation (FDIC) of systematically obstructing the disclosure of documents related to Operation Chokepoint 2.0. Court documents show that the FDIC, despite being ordered to cooperate four times, has refused to fully produce the "cease and desist letters" issued between 2020 and 2024, requiring banks to suspend crypto transactions. Internal policy documents confirm that the FDIC instructed staff to "withhold all" documents covered by Exemption 8 of the Freedom of Information Act, without distinguishing between factual and analytical material. Coinbase accused the agency of adopting an "extremely narrow interpretation," limiting its search to documents submitted to the Office of the Inspector General, resulting in the omission of numerous critical records. During a January hearing, the FDIC admitted that it lacked a record-keeping system for FOIA lawsuits. The legal battle has forced the FDIC to release hundreds of pages of documents, revealing the "widespread resistance" banks face when conducting crypto business. As the Trump administration pushes for crypto-friendly policies, Coinbase said it is investigating these "historical misconduct" to ensure it does not happen again.
Market Opportunity
LETSTOP Logo
LETSTOP Price(STOP)
$0.0119
$0.0119$0.0119
-6.59%
USD
LETSTOP (STOP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Provenance Blockchain (HASH) Jumps 23.8% as Trading Volume Reveals Supply Squeeze

Provenance Blockchain (HASH) Jumps 23.8% as Trading Volume Reveals Supply Squeeze

Provenance Blockchain's HASH token posted a surprising 23.8% gain in 24 hours, but the modest $114,406 trading volume tells a more complex story. Our analysis of
Share
Blockchainmagazine2026/03/19 21:03
Cryptos Signal Divergence Ahead of Fed Rate Decision

Cryptos Signal Divergence Ahead of Fed Rate Decision

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Share
BitcoinEthereumNews2025/09/18 01:01
XRP and Chainlink Clash Again as Social Media Feud Returns

XRP and Chainlink Clash Again as Social Media Feud Returns

The post XRP and Chainlink Clash Again as Social Media Feud Returns appeared on BitcoinEthereumNews.com. Chainlink liaison Zach Rynes faced pushback after he labeled
Share
BitcoinEthereumNews2026/03/19 20:52