Key Takeaways:
- Coinbase is pushing for district court access to SEC Chair Gary Gensler’s private communications, crucial for its defense against SEC accusations.
- Since April, Coinbase has sought Gensler’s crypto-related discussions dating back to 2017, emphasizing their importance for understanding his regulatory views.
- The SEC sued Coinbase in June 2023 for allegedly violating securities laws, a claim Coinbase disputes, asserting that the tokens in question aren’t securities.
Coinbase is urging a district court to grant access to private communications of SEC Chair Gary Gensler, deeming them vital for its defense against the SEC’s accusations.
Coinbase has been seeking these documents since April, which include Gensler’s discussions on cryptocurrency since 2017.
Coinbase argues Gary Gensler’s email is ‘appropriate source of discovery’ in SEC lawsuit https://t.co/Y4e5QKnzwX
— The Block (@TheBlock__) July 4, 2024
The SEC opposed this request, but Coinbase reiterated on July 3 that these communications are central to their fair notice defense, highlighting Gensler’s personal capacity communications with market participants.
Coinbase’s legal team emphasized the importance of these communications for understanding Gensler’s regulatory views over time.
Coinbase has sent a letter to a U.S. court regarding its ongoing litigation with the SEC, requesting the inclusion of SEC Chairman Gary Gensler's private emails in the investigation, as they
— BitcoinWorld Media (@ItsBitcoinWorld) July 4, 2024
The SEC sued Coinbase in June 2023 for allegedly violating securities laws by listing certain tokens as securities and operating as an unregistered securities broker since 2019.
Coinbase disputes these claims, arguing that the tokens do not fall under SEC regulations.
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