Summary
- "Coinbase Requests to Resume FOIA Lawsuit Against FDIC," it reported.
- Coinbase stated that the FDIC's document disclosure is insufficient and requested the court to resume the lawsuit.
- It is expected to take about two weeks for the FDIC to respond to the request to resume the lawsuit.
It has been confirmed that the global virtual asset (cryptocurrency) exchange Coinbase has submitted a request to the US court to lift the hold on the ongoing Freedom of Information Act (FOIA) lawsuit against the Federal Deposit Insurance Corporation (FDIC).
According to the X (formerly Twitter) account of Eleanor Terrett, the host of Crypto in America, on the 31st (local time), Coinbase stated, "The FDIC is still delaying the disclosure of important documents and is not cooperating with the exchange's information requests."
As a result, "We are requesting the court to resume the lawsuit," and explained, "We wanted to resolve this issue without legal proceedings. We appreciate the cooperation shown by the new FDIC leadership, but there is still a long way to go to secure the transparency that the American public deserves."
Furthermore, "We will continue to apply pressure for this," they added.
Meanwhile, it is expected to take about two weeks for the FDIC to respond to the request to resume the lawsuit.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
