🚨NEW: @Coinbase has submitted a motion in D.C. District Court today, urging the judge in its FOIA lawsuit against @FDICgov to lift the ongoing litigation stay. In the filing, Coinbase says that the FDIC is still withholding crucial documents and failing to cooperate with the exchange’s requests for information. As I noted in my newsletter this morning, Judge Reyes paused legal proceedings in early February after @realDonaldTrump appointed FDIC Acting Chairman Travis Hill. Hill pledged to increase the agency’s transparency "beyond what is required by the Freedom of Information Act,” while also aiming to honor the spirit of the FOIA request. Reyes suggested that the two parties might be able to reach a resolution more swiftly outside of court but said she wouldn’t hesitate to step back in if that turned out not to be the case. “We’re asking the Court to resume our lawsuit because the FDIC has unfortunately stopped sharing information,” Coinbase’s Chief Legal Officer @iampaulgrewal tells me. “While we would have loved to resolve this outside of the legal system – and we do appreciate the increased cooperation we’ve seen from the new FDIC leadership – we still have a ways to go to get to the kind of transparency the American people deserve. We won’t stop pressing until we get there.” The FDIC will likely have the standard two weeks to respond to Coinbase’s request to resume litigation. Full filing here: https://assets.ctfassets.net/sygt3q11s4a9/7oYYuDylkNE4Up3CRXg67s/112694c53f302e91ef6a8503870f27c0/-49-_HAI_Motion_to_Lift_Stay.pdf