Coinbase is intensifying its efforts to clarify the U.S. government's approach to cryptocurrency regulations by filing multiple legal requests for documents from the Federal Deposit Insurance Corporation (FDIC). These requests aim to reveal any limitations the FDIC may have placed on depository institutions regarding the holding of digital assets. This action is part of Coinbase’s ongoing battle to expose unclear regulatory policies surrounding cryptocurrencies. Paul Grewal, Coinbase’s chief legal officer, announced the filing of these Freedom of Information Act (FOIA) requests on Twitter, indicating that Coinbase will persist as long as the government remains uncooperative. Additionally, Coinbase is engaged in a lawsuit against the U.S. Securities and Exchange Commission (SEC), seeking clarity on crypto regulations that the agency has been slow to establish. This situation has drawn attention from industry leaders who criticize the federal policies on digital assets as overly opaque and mismanaged.

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