SEC Claims Coinbase’s Subpoena For Millions Of Documents Is A Waste Of Time

Quick Summary:

Lawyers for the SEC say Coinbase is "overreaching” in its efforts to subpoena emails from its chairman as the exchange continues its fight.

The regulator argues there is no precedent that internal discussions between Gensler and other SEC members and outside organizations would support Coinbase’s defense.

Elsewhere, late last week, Coinbase reported $1.4 billion in Q2 revenue, citing “improving regulatory clarity” for supporting innovation in the crypto industry.

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Article Details

Author / Journalist: Matthew Sainsbury

Category: Crypto

Markets: Estonia

Topics: Law Securities Legal Securities and Exchange Commission Coinbase SEC Law and Order Lawsuit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 05:12:56 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 487 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 21951371

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 3 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 13 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #63

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