Coinbase Files Two New Motions In Bid To Gain Regulatory Clarity

Coinbase has filed two new requests based on the Freedom of Information Act (FOIA) as they seek to gain regulatory clarity for the crypto industry and crypto assets in general. The crypto exchange’s Chief Legal Officer (CLO), Paul Grewal, revealed the details of the filings and mentioned the documents they hoped to obtain with each request.

Coinbase Files New Motions To Gain Regulatory Clarity

Coinbase’s CLO Paul Grewal revealed in an X post that they had filed two new sets of FOIA requests in their continued effort to gain clarity on how US regulators are approaching digital assets. He remarked that they will not relent in their efforts to provide the industry with some clarity. Grewal went on to provide insights into the specific details of each request.

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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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

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