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SEC settles Coinbase suit over ‘text messages that disappeared’
The US Securities and Exchange Commission agreed to pay $150,000 in legal fees to settle a Coinbase lawsuit seeking internal records from the agency at the height of the Biden-era SEC crackdown on crypto. The agreement, filed on Wednesday, ends a two-year lawsuit between the SEC and Coinbase, in which the crypto exchange sought internal documents from the regulator to uncover evidence of “crypto by enforcement.” An internal report in 2025 revealed the SEC had deleted nearly a year of former SEC Chair Gary Gensler’s texts due to “avoidable” errors. “The agency tasked with policing corporate record-keeping ... (full story)
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From financemagnates.com | 11 hr ago
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 ...
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