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Coinbase Says SEC 'Destroyed' Gensler Texts, Demands Court Sanctions
Coinbase has accused the U.S. Securities and Exchange Commission of “destroying” former Chair Gary Gensler’s text messages, with industry observers calling it a “credibility crisis” that could weaken the regulator’s position in future enforcement actions. "The Gensler SEC destroyed documents they were required to preserve and produce,” Coinbase Chief Legal Officer Paul Grewal tweeted Thursday, alongside a link to the court filing. “We now have proof from the SEC's own Inspector General." A report last week by the SEC’s Office of the Inspector General found that nearly a year of ... (full story)
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