FDIC accused of omitting more crypto ‘pause letters’ in Coinbase-backed suit

The FDIC has been accused of not thoroughly searching for pause letters concerning cryptocurrency, which may involve at least 150 withheld documents.

Coinbase’s chief legal officer criticized the FDIC, claiming the agency is limiting its search to specific documents, raising concerns about transparency.

A senator warns of possible criminal referrals to the Department of Justice if the FDIC’s alleged document destruction is confirmed.