Coinbase filed a lawsuit against the US SEC and FDIC in a district court in Washington. Coinbase alleged that the agencies failed to comply with
. Coinbase's suit follows Consensys' earlier lawsuit against the SEC over its position on Ethereum 2.0 and MetaMask wallet. Coinbase filed a lawsuit on Thursday in the Washington, DC District Court against the US Securities and Exchange Commission and Federal Deposit Insurance Corporation , claiming that both regulators have refused to release information concerning crypto regulations.
is an act that gives an individual or organization the right to access government information freely. Coinbase’s lawsuits alleged that the exchange sent requests to both regulators and has yet to receive replies for over a year. Today we filed lawsuits under the Freedom of Information Act for requests we made over a year ago seeking important information to which we, and the public, are entitled, said Coinbase Chief Legal Officer Paul Grewal.
, Coinbase moved to file lawsuits, alleging that financial regulators have used multiple tools at their disposal to try to cripple the digital-asset industry. Crypto community members have speculated that the lawsuit may help in providing clarity regarding digital assets regulations. Related news Three key factors that could propel Ethereum to new heights Bitcoin struggles around $61,000 after US and German authorities transfer BTC to exchanges XRP struggles under $0.
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