FDIC Accused of Hiding Crypto Documents in Coinbase Lawsuit

Quick Summary:

The US Federal Deposit Insurance Corporation (FDIC) is accused of withholding key cryptocurrency-related documents in a Freedom of Information Act (FOIA) lawsuit filed by Coinbase.

The lawsuit claims the FDIC failed to disclose numerous “pause letters” advising banks to halt crypto operations.

The case gained attention when Wyoming Senator Cynthia Lummis warned of criminal referrals if allegations of document destruction or obstruction are proven.

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Article Details

Author / Journalist: Sneha Murali

Category: Crypto

Markets: United Arab Emirates

Topics: CYNTHIA Coinbase Market News FDIC

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 18:22:07 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 305 words

Reading Time: 2 minutes read

Sentences: 31 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 25301283

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 32 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 18 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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