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.
Ripple Labs quietly emerged as one of the largest financial backers of Donald Trump’s presidential inauguration, contributing nearly $5 million just months before federal regulators began softening their stance toward the company.
Amid rising regulatory pressure and political uncertainty in South Korea’s crypto sector, Bithumb is restructuring its business in a strategic move ahead of a planned IPO.
A recent push by French lawmakers to weaken encryption in messaging apps has drawn sharp criticism from Telegram’s founder, Pavel Durov, who warns that such efforts are a direct assault on personal privacy in the digital age.
Polygon has climbed to the forefront of the NFT market, taking the lead in weekly sales volume and surpassing Ethereum for the first time in months.