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FDIC Ordered to Revise Redaction Practices in Coinbase Case

Court mandates transparency for FDIC: The FDIC has been ordered by Judge Ana C. Reyes to eliminate excessive document redactions in Coinbase’s FOIA case. This ruling illustrates the agency’s inadequacies in ensuring transparency, indicating a potential information suppression that could affect the crypto industry.

Coinbase’s fight against financial exclusion: Coinbase alleges that the FDIC’s actions are part of ‘Operation Choke Point 2.0’, aimed at driving banks to restrict crypto services. This ongoing issue highlights the pressing need for regulatory reconsideration amidst a politically shifting landscape following Donald Trump’s recent electoral win.

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