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SEC Settles FOIA Suit With Coinbase. Agency Pays $150,000 Over Lost Gensler Text Messages
The US Securities and Exchange Commission has agreed to pay $150,000 in legal fees to settle a Freedom of Information Act lawsuit brought by Coinbase. The suit closes a two-year dispute over internal records from the agency's crypto enforcement campaign under former Chair Gary Gensler. The agency's inspector general found in 2025 that text messages from a key period, including the aftermath of the FTX collapse, were lost after an automated policy triggered an enterprise wipe of his device. "Unlike the SEC in the previous administration, this SEC acknowledges that what it did was wrong and wants to make sure it ... (full story)
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