FDIC Settles Coinbase FOIA Lawsuit, Pays $188,440 Fees
FDIC agreed to pay $188,440 in legal fees to resolve Coinbase's FOIA lawsuit.
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4 stories · 13 Dec 2024 – 10 Feb 2026
FDIC agreed to pay $188,440 in legal fees to resolve Coinbase's FOIA lawsuit.
CFTC chairman Michael Selig and FDIC chairman Travis Hill won Senate confirmation December 18, 2025, installing crypto-friendly leadership at two key U.S. financial regulators.
Coinbase reveals FDIC letters urging banks to pause crypto services, sparking backlash over alleged unconstitutional overreach and "Operation Chokepoint 2.0."
Judge Ana C. Reyes orders the FDIC to revise redactions in Coinbase-related letters, signaling growing scrutiny of anti-crypto practices.