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Operation Choke Point 2.0’ Under Fire: Coinbase Demands FDIC Hand Over Crypto Docs

  • Cryptocurrency exchange Coinbase has filed a motion to lift the litigation stay in its FOIA lawsuit against the FDIC.
  • Coinbase alleges that the FDIC is withholding crucial documents related to crypto regulation and failing to cooperate.
  • The lawsuit seeks access to 'pause letters' instructing banks to halt crypto-related services, part of alleged Operation Choke Point 2.0.
  • Coinbase emphasizes the need for transparency and plans to resume legal proceedings to obtain the requested information.

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