As a seasoned researcher with years of investigative experience under my belt, this latest development in Coinbase’s battle for transparency is nothing short of intriguing. The release of these unredacted documents from the FDIC, following a court order no less, sheds light on what appears to be a coordinated effort to stifle crypto transactions. This isn’t just about basic Bitcoin transactions; it encompasses more complex offerings as well.
The fact that it took a legal mandate to get these documents unredacted speaks volumes about the lengths some institutions will go to hide their actions. Yet, here we are, one step closer to the truth. This is a significant victory for Coinbase and a testament to their tenacity in upholding the principles of the Freedom of Information Act (FOIA).
Now, if only I could get my hands on the redacted files from Area 51… maybe they’ll release those after a good old-fashioned alien sighting! After all, truth is often stranger than fiction.
In response to an ongoing investigation regarding its involvement in Operation Chokepoint 2.0, American cryptocurrency exchange Coinbase Global Inc has obtained the complete (unredacted) files from the Federal Deposit Insurance Commission (FDIC). These documents were released following a court order and are now accessible to the general public, as stated by Coinbase Chief Legal Officer Paul Grewal in an update.
Coinbase Wins the FDIC At Last
According to an update by Paul Grewal, these newly released documents suggest that the Federal Deposit Insurance Corporation (FDIC) was involved in a coordinated attempt to restrict or hinder cryptocurrency transactions, encompassing everything from simple Bitcoin exchanges to intricate crypto offerings.
At long last, we’ve managed to obtain the original, unredacted OCP 2.0 letters from @FDICgov. It required a court order, but now you can access and read them for yourself in the section provided below. These documents reveal a concerted effort aimed at suppressing a broad spectrum of cryptocurrency activities. This includes straightforward Bitcoin transactions as well as more intricate offerings. /3
— paulgrewal.eth (@iampaulgrewal) January 3, 2025
After the FDIC initially disclosed a batch of documents in December, heavily censored, a judge subsequently ordered the FDIC to make public the uncensored versions. This was a significant victory for Coinbase in their Freedom of Information Act (FOIA) lawsuit.
This is a developing story, please check back for updates!!!
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2025-01-03 20:25