PANews reported on January 20 that according to Cointelegraph, the U.S. Federal Deposit Insurance Corporation (FDIC) was accused of omitting multiple cryptocurrency-related "suspension letters" sent to banks in a Freedom of Information Act (FOIA) lawsuit supported by Coinbase. History Associates pointed out in a report submitted to the federal court in Washington, DC on January 17 that the FDIC "may have missed other suspension letters" and plans to update the lawsuit based on this. The public reported that the FDIC "systematically obstructed FOIA requests", resulting in at least 150 relevant documents not being handed over. The 25 FDIC letters that have been made public recommend that financial institutions suspend cryptocurrency business until the regulatory review is completed. The cryptocurrency industry believes that this is an action to cut off the banking services of related companies ("Operation Chokepoint 2.0").

Paul Grewal, Coinbase’s chief legal officer, said in a statement on January 16 that the lawsuit seeks all the suspension letters confirmed by the Office of the Inspector General, but accuses the FDIC of limiting its search to letters in the report, and there may be other omissions. Grewal added that when the FDIC was asked to correct and stop the word game, it said it would take at least a year.

The FDIC responded in a Jan. 17 status report that it had provided all relevant documents and conducted a search of correspondence shared with the Office of Inspector General between March 2022 and May 2023, consistent with the FOIA request. The agency said History Associates had no reasonable basis to believe that correspondence outside of this scope and time period was part of the original FOIA request, adding that it was reviewing those correspondence requests expedited as separate FOIA requests.