ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal announced that after Coinbase filed a FOIA request, a judge has ordered the Federal Deposit Insurance Corporation to release the Operation Chokepoint 2.0 suspension letter.Grewal decided to reveal how Coinbase's FOIA request demonstrates multiple instances of the FDIC instructing banks to cease cryptocurrency-related services. This legal push is part of Coinbase's broader efforts to compel regulators to clarify their stance on cryptocurrencies and increase transparency through the submission of FOIA requests and other actions.

ChainCatcher news, Coinbase's Chief Legal Officer Paul Grewal stated on social media that the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) have submitted their responses in the Freedom of Information Act (FOIA) lawsuit. Grewal pointed out that the SEC improperly withheld documents from closed investigations, including those related to Ethereum 2.0, while the FDIC withheld a "cease and desist letter" warning banks to stop collaborating with cryptocurrency companies. Notably, both agencies acknowledged that the documents sought by Coinbase do exist but claimed they have the right to withhold them based on government privilege.The SEC further confirmed in its response that its investigation into Ethereum 2.0 has concluded. Grewal anticipates that a summary judgment process will follow (such cases do not involve evidence disclosure), with a final ruling possibly not being made until 2025. This development highlights the ongoing dispute over information transparency between the cryptocurrency industry and regulatory agencies, as well as the legal efforts made by companies like Coinbase to obtain critical regulatory information.