Coinbase Demands SEC Document Disclosure in Crypto Lawsuit
Shiva Ganesh
Coinbase has filed a lawsuit against the SEC, demanding the disclosure of documents related to past crypto probes, claiming the SEC has failed to provide regulatory guidance
Coinbase's lawsuit is based on the SEC's non-compliance with FOIA requests, seeking transparency and accountability from the regulatory body
Coinbase argues that the lack of clear regulatory guidelines from the SEC has hindered its operations and created uncertainty in the crypto industry
The outcome of this lawsuit could set a precedent for how regulatory agencies interact with crypto companies and the level of transparency required
In addition to the SEC, Coinbase is also suing the Federal Deposit Insurance Corporation (FDIC) for pressuring banks to cut ties with crypto firms