Federal judge slams FDIC's actions in Coinbase lawsuit, calls them 'ridiculous'

Odaily Odaily News According to the latest published hearing records, U.S. federal judge Ana C. Reyes severely criticized the behavior of the Federal Deposit Insurance Corporation (FDIC) in the case where Coinbase sued the Federal Deposit Insurance Corporation (FDIC). Judge Reyes pointed out that the FDIC failed to provide a large number of documents related to the Freedom of Information Act (FOIA) request previously submitted by Coinbase, and may have destroyed some case information. At the hearing, Judge Reyes questioned FDIC lawyer Andrew Dober why he took an "extremely narrow and illogical" interpretation of the FOIA request, calling his approach "almost ridiculous." Attorney Dober tried to ask the court to suspend the case for three weeks on the grounds of leadership changes, but was rejected by the judge and asked to answer questions immediately. The lawsuit stems from Coinbase's attempt to obtain documents from the FDIC sending "suspension letters" to banks to restrict cryptocurrency-related activities. This action is called "Operation Choke Point 2.0" by industry participants.