Coinbase is requesting sworn testimony from the FDIC due to its failure to fully cooperate with Freedom of Information Act (FOIA) requests by providing only heavily redacted or irrelevant documents about it’s involvement in Operation Chokepoint 2.0

Event date

Mar 7, 2001 - 10:00pm

Quotes that support claims

Grewal claimed the FDIC has also not fully cooperated with Coinbase’s documentation requests under the Freedom of Information Act (FOIA): “[...] the agency has produced only snippets from a few documents that have little to nothing to do with the specific FOIA policies or practices that History Associates has challenged in its amended complaint. What exactly are they hiding?” Moreover, Grewal said the FDIC has redacted a total of 53 pages, with many other pages containing “heavy redactions rendering the documents unintelligible.”

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.

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