Coinbase is seeking document support from the Federal Deposit Insurance Corporation (FDIC) on whether banking regulatory agencies privately banned deposit institutions from holding digital assets. The first request involved documents detailing the alleged limit or quota on the amount of digital assets held by US deposit institutions by the FDIC. This application was submitted under the Freedom of Information Act (FOIA), which requires US government agencies like the FDIC to disclose internal information when requested by the public. The second application submitted by Coinbase to the FDIC requested information on the types of FOIA applications submitted to banking regulatory agencies since early 2022. It is speculated that if the FDIC rejects a large number of information requests related to cryptocurrencies, it may be to hold the FDIC accountable. Recipients of FOIA requests can legally reject them, citing reasons such as the sensitivity of specific topics or in the name of respecting individual privacy.