On Monday, Coinbase’s Chief Legal Officer, Paul Grewal, announced that the exchange is ramping up its legal efforts in their ongoing battle with US regulators by filing two new sets of Freedom of Information Act (FOIA) requests.
Grewal emphasized the necessity of obtaining clarity on how regulatory agencies are approaching digital assets, stating, “In short, so long as the government will not relent, neither will Coinbase.”
Coinbase Aims To Reveal Crucial Regulatory Communications
The first FOIA request seeks documents relating to the cap on digital asset deposits imposed by the Federal Deposit Insurance Corporation (FDIC) and other banking regulators on financial institutions.
The second request aims to gather logs detailing how these agencies manage other FOIA requests. These new requests are distinct from prior FOIA filings made over a year ago, which are currently the subject of federal lawsuits.
Grewal’s…
