Coinbase, one of the leading cryptocurrency exchanges, has recently made headlines for opposing the Federal Deposit Insurance Corporation (FDIC) in a Freedom of Information Act (FOIA) case. The FDIC had requested a 16-day delay in the case, but Coinbase swiftly challenged this, labeling the agency's actions as "legally incorrect."

The FOIA case in question involves Coinbase's attempt to obtain information from the FDIC regarding its decision to revoke the deposit insurance application of the company's banking partner, MetaBank. The FDIC's request for a delay was seen as an attempt to stall the release of crucial information, prompting Coinbase to take a strong stance against what it perceived as unjustified delays.

Coinbase's pushback against the FDIC

Source: https://decrypt.co/314477/coinbase-slams-fdic-absurd-delays-crypto-debanking-records-lawsuit