Coinbase has filed two new requests based mostly on the Freedom of Information Act (FOIA) as they search to achieve regulatory readability for the crypto business and crypto belongings basically. The crypto change’s Chief Legal Officer (CLO), Paul Grewal, revealed the main points of the filings and talked about the paperwork they hoped to acquire with every request.
Coinbase Files New Motions To Gain Regulatory Clarity
Coinbase’s CLO Paul Grewal revealed in an X put up that they’d filed two new units of FOIA requests of their continued effort to achieve readability on how US regulators are approaching digital belongings. He remarked that they won’t relent of their efforts to supply the business with some readability. Grewal went on to supply insights into the precise particulars of every request.
He talked about that the primary request was for paperwork a few digital asset deposit cap that the Federal Deposit Insurance Corporation (FDIC) and different banking regulators had imposed on monetary establishments. Meanwhile, the second is a request for logs displaying how these companies deal with different FOIA requests. He remarked that these requests are separate from their FOIA filings from over a yr in the past, which at the moment are the topic of federal lawsuits.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has coated subjects that lower throughout DeFi, NFTs, good contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying probably the most technical ideas and making it straightforward for crypto newbies to grasp. Away from writing, He is an avid basketball lover and a part-time degen.
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