The Block Crypto News15 minutes ago

Published on June 27, 2024 12:01 GMT+00:00edited on June 27, 2024 12:04 GMT+00:00

Crypto exchange Coinbase filed two lawsuits against the U.S. Securities and Exchange Commission and the Federal Deposit Insurance Corporation for not complying with Freedom of Information Act requests and has asked a court to force those agencies to comply. 

Coinbase, which retained consultant firm History Associates Inc. to file the FOIA requests, took aim at the SEC and FDIC in lawsuits filed in the U.S. District Court for the District of Columbia on Thursday, accusing federal financial regulators of trying to cut off the crypto industry from the banking sector. FOIA requests, made under the Freedom of Information Act, allow for the public to ask for records from any federal agency. 

"For nearly two years, a wide array of federal financial regulators — including the …