Coinbase: Gary Gensler’s Emails Are “Reasonable Sources of Discovery” in SEC Lawsuit

2024/07/04 14:00

Odaily News Coinbase has fought back against the U.S. SEC’s motion to block “reasonable discovery” from the agency’s chairman, Gary Gensler. Coinbase is currently in a legal battle with the SEC. “We have responded to the SEC’s efforts to block Gary Gensler’s reasonable discovery in the case, which the SEC (not Coinbase) chose to initiate,” Coinbase Chief Legal Officer Paul Grewal wrote on X today. “We appreciate the court’s careful consideration of this matter.” In a letter filed with U.S. District Judge Katherine Failla on Wednesday, Coinbase’s lawyers said the discovery sought from Gensler is relevant to the case and that “Gensler’s communications during his tenure as chairman regarding the regulatory status of digital assets and exchanges are at the heart of Coinbase’s fair notice defense.”

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