"The lawsuits, filed on June 27th in Washington D.C. district court, allege the SEC and FDIC failed to comply with Coinbase's Freedom of Information Act (FOIA) requests. Coinbase says this information could shed light on coordinated efforts by regulators to restrict crypto's access to banking services.
In its complaints, Coinbase asserts that federal regulators are deliberately campaigning to cut Bitcoin and crypto companies off from the banking system."
The US government moved over $240 million worth of seized Bitcoin to Coinbase, stoking fears it may sell some of its massive Bitcoin reserves and cause downward price pressure. Read the full article HERE.
A convergence of social, technical, and economic groundswells is shaking the foundations of recent Bitcoin scaling proposals. Read the full article HERE.
