Paul Grewal, Chief Legal Officer at Coinbase, criticized the FDIC for requesting a 16-day extension in response to a FOIA lawsuit, calling it excessive and legally incorrect.
The lawsuit aims to unveil internal documents from the FDIC regarding ‘Operation Chokepoint 2.0’, which is believed to aim to marginalize crypto firms within the financial system.
Grewal pointed out that the FDIC had sufficient time to respond, noting a deadline of April 16. The House Oversight Committee is also looking into whether lawful businesses were unjustly sidelined.
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