
On February 6, 2025, a federal judge expressed strong criticism towards the Federal Deposit Insurance Corporation (FDIC) regarding its handling of a Freedom of Information Act (FOIA) lawsuit filed by Coinbase. The judge described the FDIC's interpretation of a court order to release documents related to cryptocurrency policy as 'almost laughable.' This remark came during a court hearing where the judge addressed the FDIC's alleged failure to comply with the FOIA request and the possible destruction of relevant documents. Additionally, the Blockchain Association filed an amicus brief in support of Cumberland's motion to dismiss an enforcement action by the Securities and Exchange Commission (SEC), arguing that the SEC's definition of a 'dealer' under securities laws is overly broad. The case highlights ongoing tensions between cryptocurrency firms and regulatory agencies.



If you thought the Twitter Files was wild wait until you see the CFPB files. PS if my FOIA request doesn’t go through before the Bureau is dead follow that trail. https://t.co/2L3HpfZwaO
A judge has approved a lawsuit against Coinbase over unregistered securities sales, with the discovery scope narrowed. The company remains optimistic about vindicating claims. #Coinbase #lawsuit #securities
Coinbase must face customer lawsuit in New York https://t.co/HnGpgag6Sk