FDIC accused of omitting more crypto ‘pause letters’ in Coinbase-backed suit

Coinbase chief legal officer Paul Grewal accused the FDIC of playing “word games” after the agency said it only searched for pause letters from a specific time period.

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The US Federal Deposit Insurance Corporation has been accused of omitting more crypto-related “pause letters” it sent to banks in an ongoing Coinbase-backed Freedom of Information Act lawsuit.

In a Jan. 17 status report to a Washington, DC, federal court, History Associates said the FDIC “may have omitted additional pause letters entirely” and that it plans to update its lawsuit with new allegations.

The firm claimed that “public whistleblower allegations have surfaced” that alleged the agency “systematically thwarts FOIA requests,” which it said resulted in the FDIC failing to hand over at least 150 documents related to its FOIA request.

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