Key Takeaways:
- Coinbase filed a motion to compel the SEC to produce private emails of its Chair, Gary Gensler, from 2021 onwards, citing relevance to its defense.
- The SEC has resisted the request, arguing it’s burdensome and privileged, amid allegations against Coinbase for illegal trading of unregistered securities.
- Coinbase also seeks SEC staff communications with other market participants and documents related to its 2021 public offering.
Coinbase has filed a motion to compel the U.S. Securities and Exchange Commission (SEC) to produce private emails of its Chair, Gary Gensler, in an ongoing legal dispute.
The filing, dated July 23, seeks Gensler’s communications from 2021 onwards, narrowing the scope from its initial request.
COINBASE FILES MOTION TO REVEAL GARY GENSLER'S EMAILS IN SEC LAWSUIT: WHAT WE KNOW
— BSCN (@BSCNews) July 24, 2024
– Coinbase filed a motion in the U.S. Southern District Court of New York, demanding the SEC release documents related to SEC Chair Gary Gensler's private emails from when he started his role in… https://t.co/j0tjIhnwP6 pic.twitter.com/J93Mows02H
This request follows resistance from the SEC and Judge Katherine Polk Failla.
Coinbase argues that these documents are crucial for its defense against allegations of illegal trading of unregistered securities.
The SEC has resisted, citing reasons of relevance, burden, and privilege.
Today we are asking the Court to order @SECGov to produce important documents in discovery, including documents related to the tokens the SEC included in its complaint against @coinbase, the SEC’s consideration of our public offering, and statements Chair Gensler has made in his…
— paulgrewal.eth (@iampaulgrewal) July 23, 2024
Additionally, Coinbase seeks information on SEC staff communications with other market participants and documents related to its 2021 public offering, highlighting that the SEC did not classify Coinbase as an unregistered exchange during the review.
The SEC sued Coinbase in June 2023 for allegedly listing 13 tokens as securities and operating as an unregistered broker since 2019.
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