Coinbase Obtains $150,000 Fee Award in SEC Records Litigation
Jul 23, 20261 sources
Key Takeaways
- 01Coinbase sought SEC internal records relating to the agency’s cryptocurrency enforcement activity under former Chair Gary Gensler.
- 02The case focused on Coinbase’s effort to obtain evidence concerning an alleged SEC strategy of regulating the crypto sector through enforcement actions.
- 03A subsequent review reportedly found that nearly one year of Gensler’s text messages had been accidentally deleted.
- 04The SEC will pay Coinbase $150,000 in legal fees and undertake record-keeping improvements.
Coinbase has prevailed in a two-year lawsuit seeking U.S. Securities and Exchange Commission (SEC) internal records concerning its cryptocurrency enforcement approach during former Chair Gary Gensler’s tenure. According to the X post from Coin Bureau, the SEC will pay Coinbase $150,000 toward its legal fees and improve its record-keeping practices after a review found that nearly a year of Gensler’s text messages had been mistakenly deleted.