The SEC settles with Coinbase over its missing Gary Gensler texts
A new court status report reveals the agency will pay a flat fee to resolve a two-year fight over what former Chair Gary Gensler knew about Ethereum.
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Summary
- The Securities and Exchange Commission agreed to pay $150,000 and produce remaining records to settle a FOIA lawsuit over its investigations into Ethereum.
- History Associates Inc., working on behalf of Coinbase, had sued in June 2024 after the SEC failed to fully respond to records requests about Ethereum’s shift to proof-of-stake and earlier crypto enforcement actions.
- The case, which forced the SEC to turn over thousands of documents and revealed the deletion of texts and data from phones of top officials including Gary Gensler, will be dismissed once final production is complete.
