Judge slams FDIC’s ‘lack of good-faith’ in censoring crypto letters to banks — TradingView News
A United States federal judge has criticized the Federal Deposit Insurance Corporation (FDIC) for its redactions of crypto “pause” letters to banks in a Coinbase-backed Freedom of Information Act (FOIA) suit.
“The Court is concerned with what appears to be FDICs lack of good-faith effort in making nuanced redactions,” Washington, DC, district court judge Ana Reyes wrote in a Dec. 12 text order.
“Defendant cannot simply blanket redact everything that is not an article or preposition.”
Judge Reyes ordered the FDIC to “make more thoughtful redactions” and re-file letters by Jan. 3, adding the FDIC “should be prepared to defend each new redaction.”
The so-called “pause letters” shared earlier in December — which in…
