The History Associates suit aims to hold the FDIC and other regulatory agencies accountable for their actions and ensure transparency in their regulatory practices.
History Associates has joined Coinbase in a lawsuit against the Federal Deposit Insurance Corporation (FDIC) to compel them to comply with a Freedom of Information Act (FOIA) request and release the requested records.
According to a legal document filed on June 27, the suit is in response to the FDIC’s decision to withhold documents known as “pause letters,” which the agency’s inspector general allegedly sent to financial institutions instructing them to halt cryptocurrency-related activities.
Coinbase hired History Associates Incorporated to submit a FOIA request to the FDIC, which was denied. Hence, History Associates is now taking legal action to compel the FDIC to disclose the requested records.
