Coinbase CLO Paul Grewal has once again spotlighted the role of the Federal Deposit Insurance Commission (FDIC) in the attempt to crackdown on Bitcoin (BTC) in the early days. Paul Grew reiterated that many considered Operation Chokepoint 2.0 a serious challenge for the US. However, he said the FDIC’s abuse of FOIA Exemption 8 remains an insult to the public and the courts.
The New Coinbase CLO Discoveries In FDIC Files
According to Paul Grewal, the FDIC lied in its communication with the exchange and the courts in the FOIA legal battle. He said the evidences showed that the commission made efforts to hide evidence that showed it tried to kill Bitcoin transactions. Beyond this, he confirmed the regulator also tried quashing blockchain as a technology and the establishment of an account for stablecoin reserves.
Specifically, the Coinbase CLO flagged the massive redactions in the first FDIC letters handed over. He noted that even the Judge in the case expressed dissatisfaction regardin
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