Breaking: Coinbase Files Two New Motions In Bid To Gain Regulatory Clarity

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As a seasoned researcher with years of experience navigating the complexities of regulatory landscapes, I find Coinbase’s recent moves to be both strategic and commendable. Their relentless pursuit for clarity in the crypto industry is a testament to their commitment to their users and the broader digital asset community.

Coinbase has made two new requests under the Freedom of Information Act (FOIA) in an effort to get a clearer understanding of regulations for the cryptocurrency industry and digital assets. The exchange’s top legal officer, Paul Grewal, shared details about these filings and outlined the specific documents they are aiming to acquire with each request.

Coinbase Files New Motions To Gain Regulatory Clarity

As an analyst, I’m sharing some recent developments regarding Coinbase. Their Chief Legal Officer, Paul Grewal, disclosed via a post that they have submitted two fresh rounds of Freedom of Information Act (FOIA) requests. This action is part of their persistent endeavor to shed light on the stance of U.S. regulators towards digital assets. Grewal underscored their unyielding commitment to bringing clarity to this industry sector. Delving further, he outlined the specifics of each request, offering valuable insights into our ongoing pursuit for regulatory clarification.

He mentioned that the first request was for documents about a digital asset deposit cap that the Federal Deposit Insurance Corporation (FDIC) and other banking regulators had imposed on financial institutions. Meanwhile, the second is a request for logs showing how these agencies handle other FOIA requests.  He remarked that these requests are separate from their FOIA filings from over a year ago, which are now the subject of federal lawsuits.

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2024-10-21 19:35