Coinbase Intensifies Legal Battle with SEC Over Missing Communications

Coinbase has launched an aggressive legal maneuver against the U.S. Securities and Exchange Commission, filing a motion that accuses the regulator of serious procedural failures. The dispute centers around lost text messages from SEC Chairman Gary Gensler’s official device during a critical period of intensified regulatory scrutiny toward cryptocurrency firms. The exchange questions whether this represents careless oversight or deliberate destruction of evidence.

The cryptocurrency exchange has petitioned a federal court to compel the SEC to accelerate its internal investigation and consider potential sanctions. This legal action follows an internal SEC review that confirmed the disappearance of nearly a full year of Gensler’s text communications after his work phone was reset.

The timing of these lost... Read more...