Coinbase Files FOIA Request Demanding Clarity on Alleged Cap Imposed on Crypto Deposits to Banks

Coinbase wants US banking regulators to disclose information regarding an apparent “digital asset deposit cap” they’ve been imposing on financial institutions, according to Paul Grewal, the exchange’s chief legal officer (CLO). Grewal notes the firm filed a new Freedom of Information Act (FOIA) request with the Federal Deposit Insurance Corporation (FDIC), asking for copies of The post Coinbase Files FOIA Request Demanding Clarity on Alleged Cap Imposed on Crypto Deposits to Banks appeared first on The Daily Hodl .

Source: The Daily Hodl