In a court filing on Thursday, Coinbase opposed a 16-day extension request by the Federal Deposit Insurance Corporation (FDIC) to delay its response in a public records lawsuit over documents tied to the alleged debanking of crypto firms.
The case centers on internal communications that Coinbase believes show the agency engaged in a covert campaign, dubbed “Operation Chokepoint 2.0,” to isolate crypto from the U.S. financial system.
Coinbase Chief Legal Officer Paul Grewal pushed back on treating the FDIC’s request as standard procedure, calling the agency’s request “absurd” in an X post on Thursday.
The FDIC did not immediately respond to Decrypt’s request for comment. Decrypt has reviewed the filing posted by Grewal…
Apr 18 2025
