Coinbase Vs. SEC: Battle Over Gensler’s Communications Escalates

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Bitcoinist 3d ago

Coinbase Vs. SEC: Battle Over Gensler’s Communications Escalates - Bitcoinist

Quick Summary:

In the ongoing legal battle between crypto exchange Coinbase and the US Securities and Exchange Commission (SEC), Coinbase’s Chief Legal Officer, Paul Grewal, has taken to social media platform X to voice his concerns over the SEC’s attempt to prevent discovery of communications from SEC Chair Gary Gensler.

The documents requested in the subpoena are described as pivotal for understanding whether Coinbase had a reasonable opportunity to know how securities laws applied to its operations.

The legal tussle centers around a subpoena issued to Gensler, demanding documents from the SEC chairs communications, both in and out of his role at the SEC.