Coinspeaker
SEC Challenges Coinbase’s Document Request in Ongoing Legal Battle
In the latest development around the ongoing legal battle between the US Securities and Exchange Commission (SEC) and American exchange Coinbase, the regulator has once again pushed against what it calls an irrelevant discovery request by the exchange. The move follows Coinbase’s insistence on getting internal communications from SEC Chair Gary Gensler.
According to the SEC’s latest motion, which was filed on August 5, the regulator believes that Coinbase is now overreaching. Hence, it seeks to block Coinbase’s efforts to access this broad array of documents that the agency deems irrelevant and excessive at best.
SEC Disputes Scope of Discovery, Calls Coinbase’s Requests Disproportionate
The SEC has criticized Coinbase for seeking an overwhelming amount of materials. It argues that the request for internal and external emails related to digital asset regulation is “overly broad.” T
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