Coinbase is requesting sworn testimony from the FDIC due to the agency’s repeated refusal, according to Coinbase, to provide details on how it conducted due diligence to ensure that no documents related to Operation Chokepoint 2.0 were destroyed

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Coinbase is requesting sworn testimony from the FDIC due to the agency’s repeated refusal, according to Coinbase, to provide details on how it conducted due diligence to ensure that no documents related to Operation Chokepoint 2.0 were destroyed

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12:00am, Saturday, March 8, 2025

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On social media, Grewal explained that the exchange had decided to escalate its actions in this case due to the corporation’s resistance to provide proof that it had conducted due diligence in avoiding the destruction of documents linked to this matter. Grewal claimed that the FDIC has failed to address these concerns, only disclosing snippets that “have little to nothing to do” with the Freedom of Information Act (FOIA) requests and how the corporation handles them. Fifty-three pages of documents have been delivered fully redacted. Grewal suspects resistance from the corporation’s leadership regarding full disclosure of its involvement in Operation Chokepoint 2.0. Other pages have heavy redactions, making it difficult to ascertain their content. “Enough is enough. In our latest status report to the Court, we lay out why we need sworn testimony now,” Grewal stressed, linking to the full status report asking to escalate the request.
Coinbase has requested that the FDIC provide details in court on how it conducted “due diligence” to ensure no documentation related to the event was destroyed. However, the agency “repeatedly refused to do so,” Grewal said.

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