The post Court Slams FDIC for Redacting Documents in Coinbase Lawsuit appeared on BitcoinEthereumNews.com.

The Federal Deposit Insurance Corporation (FDIC) has recently been put into the crosshairs. This is because of how it scrubbed up documents for its ongoing legal fight with Coinbase. The court said the FDIC acted in bad faith by excessively redacting documents. These documents were obtained through the Freedom of Information Act (FOIA). The ruling also requires the agency to review and revise its redactions to provide greater transparency and fairness to the redaction process. Court Sets Deadline for Coinbase-FDIC Document Release Following this ruling, a legal battle intensified for Coinbase and the FDIC. This is because the court did not favor the agency’s blanket redaction method. The judge also found that the agency had not done the necessary work to justify its extensive redactions. Specifically calling the lack of nuanced rationale provided by the FDIC. The ruling said the FDIC must scrutinize the documents for changes. They must make sure that any redactions are justified and can be fully explained and defended. – Advertisement – The court sets a deadline of January 3, 2025, for the documents to be delivered to Coinbase. This decision comes at a moment in the ongoing litigation that has already shown several questionable moves on the part of the agency. Coinbase’s legal team, headed by Chief Legal Officer Paul Grewal, continues to voice worries over the FDIC’s leaks of private client data. This is in response to ongoing concerns about secrecy surrounding the FDIC and the abrupt closing of accounts. JUST IN: Judge Reyes ruled that FDIC didn’t do what it was ordered to do. “The Court is concerned with what appears to be FDICs lack of good-faith effort in making nuanced redactions. Defendant cannot simply blanket redact everything that is not an article or preposition.” 1/3 https://t.co/AX5HCKjrij — paulgrewal.eth (@iampaulgrewal) December 12, 2024…

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Filed under: News - @ December 13, 2024 10:20 am