SEC Agrees to Overhaul Recordkeeping After Settling Coinbase Lawsuit Over Gensler’s Lost Texts
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The SEC under Gary Gensler aggressively pursued enforcement in crypto after the FTX collapse, prompting wide industry scrutiny and lawsuits. The new administration has settled most cases and reached a Coinbase-initiated settlement with groundbreaking changes to regulatory treatment, lowering near-term compliance risk for exchanges and potentially supporting crypto adoption and market confidence.
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The US Securities and Exchange Commission went on a blatant war against the cryptocurrency industry in the past couple of years of Gary Gensler’s tenure, especially following the loud collapse of FTX.
However, the new administration settled most cases, and now it was time for one that was actually initiated by Coinbase. It came with some groundbreaking changes as well.
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Coinbase Settles FOIA Fight With the SEC Over Gensler’s Vanished Texts
