Coinbase Secures Unredacted FDIC Files

American crypto exchange Coinbase Global Inc has secured the unredacted files from the Federal Deposits Insurance Commission (FDIC) in its ongoing probe into its role in the Operation Chokepoint 2.0 agenda. According to the update from Coinbase CLO Paul Grewal, it took the FDIC a Court order to release the documents. These unredacted documents are now available to members of the public.

Coinbase Wins the FDIC At Last

In his update on X, Paul Grewal pointed out that the new documents proves the FDIC oversaw a cordinated effort to cripple crypto transactions. The legal veteran said this ranges from basic Bitcoin transactions to more complex offerings.

We finally got the unredacted OCP 2.0 letters from @FDICgov. It took a Court order but you can now read them for yourself below. They show a coordinated effort to stop a wide variety of crypto activity — everything from basic BTC transactions to more complex offerings. 1/3

— paulgrewal.eth (@iampaulgrewal) January 3, 2025

This unredacted files comes after the FDIC released an initial stack of documents in December but with blotted details. A Judge ruled days later, mandating the FDIC to release unredacted version, a big win for Coinbase in the Freedom of Information Act (FOIA) case.

This is a developing story, please check back for updates!!!

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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