Coinbase Criticizes FDIC Over Crypto Delays

Coinbase Challenges FDIC’s Delay in Crypto Debanking Records Case

• Coinbase opposes a 16-day extension request by the FDIC in a public records lawsuit.
• The case involves alleged debanking of crypto firms under “Operation Chokepoint 2.0.”
• Coinbase argues the FDIC’s response deadline is April 16, not May 2.
• The FDIC released nearly 800 pages of documents related to crypto supervision in February.
• The House Oversight Committee is investigating potential improper debanking tactics.

Coinbase has accused the FDIC of attempting to evade legal obligations by requesting an unwarranted extension in a lawsuit concerning alleged efforts to isolate crypto firms from the U.S. financial system. The agency’s release of extensive documentation earlier this year has intensified scrutiny over its actions.