History Associates joins Coinbase in FDIC-SEC FOIA lawsuit
Share link:In this post: History Associates and Coinbase sue the FDIC to release “pause letters” instructing banks to stop crypto activities. The lawsuit claims the FDIC is part of a broader effort to cut off banking services to the digital-asset industry. History Associates argues the FDIC’s refusal to disclose these documents violates the Freedom of Information Act (FOIA).Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the
History Associates has teamed up with Coinbase in a lawsuit against the Federal Deposit Insurance Corporation (FDIC). They want the FDIC to release certain documents.
These documents, called “pause letters,” are alleged to instruct financial institutions to stop crypto-related activities.
According to a legal document filed on June 27, the suit responds to the FDIC’s refusal to provide these letters. The agency’s inspector general reportedly sent these letters to financial institutions, instructing them to halt cryptocurrency activities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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