Coinbase is pushing for a court order to compel the SEC to release crucial documents related to its litigation against the crypto exchange.
The request includes records about the SEC’s review of Coinbase’s public offering and statements from SEC Chair Gary Gensler.
Coinbase’s legal chief, Paul Grewal, argues that these documents are vital for defending against the SEC’s claims and for understanding the regulator’s stance on cryptocurrency regulations.
The SEC has met with industry stakeholders and made public statements before filing the lawsuit, and Coinbase believes these records are crucial.
The SEC has refused to produce these documents, citing concerns over relevance and the burden of the request. Coinbase is asking the court to mandate a preliminary search and logging of relevant materials.
Despite the legal tussle, Coinbase’s stock has surged by 112% in the past six months and 64% year-to-date. Recent positive court rulings have boosted investor confidence.
Additionally, the SEC recently closed its investigation into Ethereum 2.0 and approved several spot Ethereum ETFs, including Grayscale’s Ethereum Trust conversion.
Tensions surrounding the Ripple vs. SEC lawsuit are intensifying as discussions about a potential appeal gain traction.
BNY Mellon, the largest custodian bank in the U.S., has reportedly secured an exemption from the SEC’s Accounting Bulletin 121 for its institutional crypto custody operations.
Charles Hoskinson, co-founder of Cardano and Ethereum, has raised concerns about how former President Donald Trump and Vice President Kamala Harris approach cryptocurrency policy.
The Bank of Canada has announced that it is winding down its efforts on retail central bank digital currency (CBDC), as per an update on its website.