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Coinbase sues SEC, FDIC over FOIA noncompliance

  • 📰 Cointelegraph
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Coinbase has filed lawsuits against the SEC and FDIC, alleging non-compliance with FOIA requests related to Ethereum’s PoS transition. The suits claim regulatory efforts to undermine the crypto industry by excluding it from the banking sector.

The FOIA requests aimed at the SEC sought information on the federal agency’s view on Ethereum, specifically its shift to a proof-of-stake consensus mechanism.

The lawsuits describe the SEC’s and FDIC’s actions as “a coordinated attempt to cut off digital-asset firms from essential banking services.”

 

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