According to reporter Eleanor Terrett, U.S. cryptocurrency exchange Coinbase filed a motion to the District Court of the District of Columbia, requesting the suspension of the Freedom of Information Act lawsuit against Federal Deposit Insurance Corporation (FDIC). The exchange accused the FDIC of refusing to provide critical regulatory documents and not fully cooperating with information disclosure requests. In early February this year, after Trump appointed Travis Hill as acting FDIC chairman, presiding judge Neomi Rao suspended the proceedings, hoping that both parties could reach a settlement outside court. "Although the new FDIC leadership demonstrates a higher transparency commitment than statutory requirements, core information remains blocked. We will not stop pushing the process until the regulatory transparency the U.S. public deserves," said Paul Grewal, chief legal officer of Coinbase. According to court procedures, the FDIC is expected to formally respond to a request to restart the lawsuit within two weeks. The lawsuit dates back to 2023, with Coinbase accusing the FDIC of secretly asking multiple banks to cut off cooperation with crypto companies. Although the exchange has obtained some of the communication records through the Freedom of Information Act, 27 key documents involving the internal decision-making process of the FDIC were still refused to be disclosed on the grounds of "privileges of the review process." Industry observers point out that progress in the case may affect the collaboration model between crypto institutions and the traditional financial system.