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FDIC Still Resisting Transparency Into Operation Choke Point 2.0, Says Coinbase Chief Legal Officer Paul Grewal

The Daily Hodl
FDIC Still Resisting Transparency Into Operation Choke Point 2.0, Says Coinbase Chief Legal Officer Paul Grewal
Daily Hodl
FDIC Still Resisting Transparency Into Operation Choke Point 2.0, Says Coinbase Chief Legal Officer Paul Grewal

The U.S. Federal Deposit Insurance Corporation (FDIC) continues to “resist” transparency efforts regarding alleged past attempts to quash the crypto sector, according to Coinbase chief legal officer Paul Grewal. Grewal references “Operation Choke Point 2.0,” an alleged attempt by the Biden Administration government regulators to stifle the crypto industry. Coinbase has been using the Freedom of […]

The post FDIC Still Resisting Transparency Into Operation Choke Point 2.0, Says Coinbase Chief Legal Officer Paul Grewal appeared first on The Daily Hodl.

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FDIC Unseals 175 Documents Exposing US Banks Debanking of Crypto Firms

The Daily Hodl
FDIC Unseals 175 Documents Exposing US Banks Debanking of Crypto Firms
Banks
FDIC Unseals 175 Documents Exposing US Banks Debanking of Crypto Firms

The Federal Insurance Deposit Corporation (FDIC) is unsealing hundreds of documents that expose how US institutions were instructed to be deprived of crypto-related services. In a new press release, the FDIC – the government agency that insures deposits in US banks – says it is unveiling 175 documents revealing how it supervised banks that participated […]

The post FDIC Unseals 175 Documents Exposing US Banks Debanking of Crypto Firms appeared first on The Daily Hodl.

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Court Order Reveals US Government Made ‘Coordinated Effort’ To Shut Down Crypto Activity: Coinbase CLO

The Daily Hodl
Court Order Reveals US Government Made ‘Coordinated Effort’ To Shut Down Crypto Activity: Coinbase CLO
Bitcoin
Court Order Reveals US Government Made ‘Coordinated Effort’ To Shut Down Crypto Activity: Coinbase CLO

Coinbase’s chief legal officer Paul Grewal says that unredacted letters show that the Federal Deposit Insurance Corporation (FDIC) was attempting to sabotage a wide variety of activity in the crypto industry. Grewal previously said that Coinbase’s Freedom of Information Act (FOIA) requests uncovered instances where the FDIC asked banks to freeze crypto services Said Grewal at […]

The post Court Order Reveals US Government Made ‘Coordinated Effort’ To Shut Down Crypto Activity: Coinbase CLO appeared first on The Daily Hodl.

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Coinbase FOIA Requests Unearth More Instances of U.S. FDIC Asking Banks To ‘Pause’ Crypto Services

The Daily Hodl
Coinbase FOIA Requests Unearth More Instances of U.S. FDIC Asking Banks To ‘Pause’ Crypto Services
Banks
Coinbase FOIA Requests Unearth More Instances of U.S. FDIC Asking Banks To ‘Pause’ Crypto Services

Top US-based crypto exchange Coinbase’s Freedom of Information Act (FOIA) requests are uncovering more instances where the U.S. Federal Deposit Insurance Corporation (FDIC) asked banks to freeze crypto services. In a new thread on the social media platform X, Coinbase chief legal officer Paul Grewal says the revealed information confirms the notion that the US […]

The post Coinbase FOIA Requests Unearth More Instances of U.S. FDIC Asking Banks To ‘Pause’ Crypto Services appeared first on The Daily Hodl.

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Coinbase Chief Legal Officer Uncovers 20 Instances of US Regulator Telling Banks To Stop Crypto Services

The Daily Hodl
Coinbase Chief Legal Officer Uncovers 20 Instances of US Regulator Telling Banks To Stop Crypto Services
coinbase
Coinbase Chief Legal Officer Uncovers 20 Instances of US Regulator Telling Banks To Stop Crypto Services

Coinbase chief legal officer Paul Grewal says he can see multiple instances when the Federal Deposit Insurance Corporation (FDIC) told banks to stop offering crypto-related services. In a new thread on the social media platform X, Grewal says that Coinbase uncovered the information after filing a Freedom of Information Act (FOIA) request at the FDIC, […]

The post Coinbase Chief Legal Officer Uncovers 20 Instances of US Regulator Telling Banks To Stop Crypto Services appeared first on The Daily Hodl.

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Coinbase finds over ’20 examples’ of FDIC telling banks to avoid crypto

Coin Telegraph
<div>Coinbase finds over '20 examples' of FDIC telling banks to avoid crypto</div>
Coin Telegraph

Coinbase's chief legal officer declares that the “contents are a shameful example of a government agency trying to cut off financial access to law-abiding American companies.”

Cryptocurrency exchange Coinbase has discovered “over 20 examples” of the United States regulator advising US banks to steer clear of crypto-related banking services, according to its chief legal officer.

The discovery follows Coinbase filing two Freedom of Information Act (FOIA) requests against the Federal Deposit Insurance Corporation (FDIC) — the US agency insuring bank deposits — demanding they disclose information about the ongoing crypto crackdown among US banks.

“So far, we’ve uncovered more than 20 examples of the FDIC telling banks to “pause” or “refrain from providing” or “not proceed” with offering crypto-banking services,” Coinbase chief legal officer Paul Grewal claimed in a Nov. 1 X post.

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SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh In

Bitcoin.com
SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh In
Binance
SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh InCoinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities. He also pointed out the […]
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Judge Partially Grants Coinbase Motion in Compelling SEC To Produce Key Documents, Cites Ripple Case in Order

The Daily Hodl
Judge Partially Grants Coinbase Motion in Compelling SEC To Produce Key Documents, Cites Ripple Case in Order
coinbase
Judge Partially Grants Coinbase Motion in Compelling SEC To Produce Key Documents, Cites Ripple Case in Order

A judge is partially granting a motion by Coinbase that would force the U.S. Securities and Exchange Commission (SEC) to produce critical documents. Last month, Coinbase filed the motion to procure the documents related to its previous communication with crypto issuers because they believe the regulatory body’s enforcement actions have been inconsistent. The SEC first […]

The post Judge Partially Grants Coinbase Motion in Compelling SEC To Produce Key Documents, Cites Ripple Case in Order appeared first on The Daily Hodl.

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Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’

Bitcoin.com
Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’
Assets
Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has […]
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Coinbase Wants SEC To Produce Documents That Could Expose Regulator’s Inconsistent Views on Digital Assets

The Daily Hodl
Coinbase Wants SEC To Produce Documents That Could Expose Regulator’s Inconsistent Views on Digital Assets
coinbase
Coinbase Wants SEC To Produce Documents That Could Expose Regulator’s Inconsistent Views on Digital Assets

Coinbase wants the U.S. Securities and Exchange Commission (SEC) to produce documents related to its regulatory decision-making processes surrounding several digital assets. The top US crypto exchange has asked a judge to order the regulator to search for and produce documents related to its previous communication with crypto issuers. Coinbase also argues that the SEC […]

The post Coinbase Wants SEC To Produce Documents That Could Expose Regulator’s Inconsistent Views on Digital Assets appeared first on The Daily Hodl.

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