Coinbase wants U.S. banking regulators to release information regarding an apparent “digital asset deposit cap” they have imposed on financial institutions, according to Paul Grewal, the exchange’s chief legal officer (CLO).

Grewal notes that the company has filed a new Freedom of Information Act (FOIA) request with the Federal Deposit Insurance Corporation (FDIC), requesting copies of documents related to “the imposition of a cap, d ‘a limit, a ceiling, a maximum or other, formal or informal’. restriction or restriction of digital asset companies’ deposits with depository institutions, including but not limited to Signature Bank, Customers Bank, Cross River Bank, Western Alliance Bank, and Silvergate Bank.

The FOIA filing requests documents and communications on the subject that were exchanged between the FDIC and third-party depository institutions, the Board of Governors of the Federal Reserve, the Treasury’s Office of the Comptroller of the Currency and members of the press .

Coinbase also filed a FOIA request with the FDIC to obtain internal logs demonstrating how it responds to other FOIA requests.

The leading US crypto exchange is in the midst of multiple legal battles with US regulators: The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 for allegedly violating securities laws, including selling unregistered securities and operating an unregistered exchange/brokerage agency.

And in June, the exchange filed a countersuit against the SEC and FDIC, accusing regulators of acting outside their jurisdiction, attempting to “cripple” the crypto industry and avoiding FOIA requests .

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