Judge orders SEC to provide some Coinbase documents, rejects subpoena request against Gensler
Publication Time:2024-09-07 03:07:09
In a significant legal ruling affecting the cryptocurrency sector, a judge in New York approved part of a motion submitted by cryptocurrency exchange Coinbase, requesting that the Securities and Exchange Commission (SEC) hand over certain documents. This decision enabled Coinbase to access files related to the SEC's complaints about specific tokens, documents concerning the SEC's considerations regarding Coinbase's status as a publicly traded company in April 2021, and statements made by SEC Chair Gary Gensler during his term, both as an individual and in a professional capacity. However, the motion by Coinbase that sought a subpoena against Gensler was dismissed by the judge. The court indicated that it partially approved and partially rejected the defendant's compulsory motion based on specific reasons. This ruling underscores the intricacy of legal conflicts between the crypto industry and traditional financial regulatory entities, as well as the continuous struggles over information disclosure and adherence to standards for compliance.
Coinbase
Gary Gensler
Securities and Exchange Commission (SEC)
documents
Subpoena