Coinbase vs. FDIC: The Fight for Crypto Transparency – Larry David Style

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So, Coinbase’s legal guys are going after the FDIC now. Turns out, the FDIC doesn’t want to hand over some papers—big surprise, right? Basically, Coinbase is saying, “Hey, we wanna see what you’re hiding,” and the FDIC’s like, “Nah, we’re good.” Classic. 👀

Details of Coinbase filing

Back in 2024, Coinbase threw a baseball bat at the SEC and the FDIC, saying they’re trying to choke out crypto companies. Operation Chokepoint 2.0—sounds fun, huh? Like they’re playing Monopoly but with regulations and no money, just threat. 🎲

Now, in their latest stunt, Coinbase’s lawyers are complaining that the FDIC is playing hide and seek with some documents. They say, “Hey, what’s with the secret files? We’re not asking for your secret sauce, just the letters and stuff you’re hiding behind Exemption 8.” Basically, they’re saying, “We want the dirt, not just the crumbs.”

staff at @FDICgov continue to stonewall our efforts to shed light on the previous administration’s Operation Chokepoint 2.0. We can’t and…” — paulgrewal.eth (@iampaulgrewal) July 31, 2025

Coinbase also wants the FDIC to explain why they’re playing hard to get on the documents and letters—because transparency, right? Or maybe because they’re hiding something. Either way, Coinbase is basically saying, “Break the lock, show us the files. Or we’ll keep asking, and you’ll keep hiding.”

Meanwhile, Coinbase is Feeling Lucky

In the middle of all this legal drama, Coinbase is expanding like a weed in a crack in the sidewalk. They just partnered up with JPMorgan—because why not? Starting in 2026, you can turn Chase Points into USDC on Coinbase. Fancy, huh? 🎉

Oh, and did I mention they’re launching some futures for XRP and Solana? Nano perpetuals—sounds like a sci-fi movie. No expiration for five years—so you can hold your breath forever, or until 2028, or whenever. After beating the SEC in court, they’re just throwing out more stuff to keep everyone busy.

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2025-07-31 20:16