Coinbase Scores Legal Victory as SEC Ends Long-Running Records Dispute
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The SEC has settled its long-running records dispute with Coinbase, ending a 2024 FOIA lawsuit tied to transparency requests from the Gary Gensler era and requiring the agency to review record preservation practices and release previously withheld documents. The agreement also requires the SEC to reimburse Coinbase's legal costs and boosts regulatory accountability and transparency for crypto, potentially reducing regulatory uncertainty for exchanges, DeFi projects and broader crypto adoption.
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The U.S. Securities and Exchange Commission has resolved its records dispute with Coinbase, closing a legal battle that began over transparency requests from the Gary Gensler era. The agreement marks another milestone in Coinbase’s broader campaign to challenge how federal agencies handled cryptocurrency oversight.
Besides ending the lawsuit, the settlement requires the SEC to review its record preservation practices, release previously withheld documents, and reimburse legal costs tied to the Freedom of Information Act case. The outcome adds momentum to ongoing efforts aimed at increasing accountability across financial regulators.
Settlement Brings FOIA Case to a Close
Coinbase launched lawsuits against the SEC and the Federal Deposit Insurance Corporation in 2024 after both agencies allegedly failed to fulfill public records requests. Consequently, the exchange argu…
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