Coinbase Sues SEC And FDIC Over Alleged Attempts To Stifle Crypto Industry
Portfolio Pulse from Murtuza Merchant
Coinbase has filed lawsuits against the SEC and FDIC for not complying with FOIA requests, accusing them of hindering the crypto industry's access to banking. The lawsuits seek to compel these agencies to release information related to their regulatory actions against the digital-asset industry.
June 27, 2024 | 1:57 pm
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Coinbase has filed lawsuits against the SEC and FDIC, accusing them of hindering the crypto industry's access to banking and not complying with FOIA requests. This legal action could impact Coinbase's stock in the short term.
The lawsuits highlight ongoing regulatory challenges for Coinbase, which could lead to increased volatility in its stock price. However, the legal action may also be seen as a proactive step to seek regulatory clarity, potentially boosting investor confidence.
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