Coinbase accuse FDIC say dem dey delay Crypto Debanking Lawsuit
Coinbase dey fight legal fight with FDIC sake of how dem delay to answer Freedom of Information Act (FOIA) request wey concern say dem dey debank cryptocurrency company. Di exchange accuse FDIC say dem dey use delay tactics as part of one secret plan wey dem call ‘Operation Chokepoint 2.0’ to separate cryptocurrency from US financial system. Coinbase Chief Legal Officer, Paul Grewal, don talk say wetin FDIC request for extension period no make sense, say dem dey dodge legal responsibility. Di case don catch eye of House Oversight Committee, wey dey investigate how federal regulators dey do things wey no follow law to discourage banks from serving crypto clients without public eye. Dis fight fit set important example for how federal people dey do business with digital asset company.
Bearish
Wahala wey dey ground between Coinbase and FDIC dey show say ogbonge regulation wahala dey for crypto world. Dey talk say na 'Operation Chokepoint 2.0' and federal regulators dey do anyhow, fit make dem dey check crypto well well, and dis one fit make market no settle. Dis one fit make investors no trust market again for short time and long time, and dis fit make market fall yakata. On top of dat, House Oversight Committee dey join body, dis mean say dem fit do more checking, and dis fit bring strong regulation wey fit cut banking service for crypto company.