The U.S. Federal Deposit Insurance Corporation (FDIC) has reached a settlement with Coinbase, agreeing to pay $188,440 in legal fees and dropping its defense against concealing crypto-related "cease and desist" letters. The settlement includes revising the Freedom of Information Act (FOIA) policy to no longer broadly exempt bank supervision documents from disclosure. This case originated from a FOIA lawsuit filed by History Associates on behalf of Coinbase, with a court ruling in November that the FDIC improperly withheld the letters. The settlement concludes years of litigation related to the "Operation Choke Point 2.0" and commits the FDIC to emphasize a "liberal interpretation" of FOIA requests in its training materials. Coinbase's Chief Legal Officer, Paul Grewal, noted that the case revealed numerous "cease and desist" letters, confirming coordinated efforts to restrict industry activities.