Coinbase’s longstanding campaign to force the U.S. government to clarify how it approaches crypto ratcheted up on Monday, with the American crypto exchange filing multiple legal requests for internal documents at the Federal Deposit Insurance Commission (FDIC).

The first request pertains to documents detailing any cap or limit on the amount of digital assets allowed to be held, which the FDIC has allegedly imposed on American depository institutions. It was submitted via the Freedom of Information Act (FOIA), which requires U.S. executive agencies like the FDIC to disclose internal information if requested by the public. 

Coinbase’s second request to the FDIC asked for information regarding the types of FOIA requests submitted to the bank regulator since the beginning of 2022. Presumably, this is to attempt to hold the FDIC to account if the agency has rejected numerous crypto-related information requests. Recipients of FOIA requests can legally deny them for select reasons including the sensitive nature of a given subject, or in the name of respecting personal privacy.

Paul Grewal, Co

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Author: Sander Lutz

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