Coinbase’s Chief Legal Officer, Paul Grewal, has exposed the SEC’s refusal to release communication files from SEC Chair Gary Gensler, which could be pivotal in Coinbase’s defense against claims of operating as an unregistered exchange. The SEC’s blockade of these files, including Gensler’s March 2021 statements asserting the SEC’s lack of authority over digital asset exchanges, is cited by Coinbase as evidence of potential lawsuit bias. Despite Coinbase’s efforts, a U.S. court ruled on March 27, 2024, that the SEC’s lawsuit against the exchange can proceed, highlighting ongoing tensions between the cryptocurrency sector and U.S. regulators.
Coinbase’s Legal Battle with SEC Intensifies Over Gensler Files
