US SEC Pushes Back at Coinbase Request to Access Gensler’s Personal Emails
The ongoing legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) is heating up as the regulator pushes back at giving the crypto exchange access to the personal emails of SEC Chair Gary Gensler.
Coinbase argues that Gensler’s emails could contain pivotal information related to the SEC’s stance on crypto regulations, which the company believes is essential for its defense in an upcoming trial.
The request by Coinbase is part of its broader strategy to gather evidence for a fair notice trial, which centres on whether the SEC provided adequate notice of regulatory expectations for cryptocurrencies.
The SEC has responded with a filing to a U.S. District Court for the Southern District of New York, pushing back against the request.
In a letter dated July 3, Coinbase’s legal team urged U.S. District Judge Katherine Failla to grant them access to Gensler’s emails.
The team stressed that these communications might reveal Gensler’s personal views and interpretations of crypto regulations. This could be critical in proving that Coinbase lacked fair notice of the SEC’s regulatory expectations.
Coinbase’s attorneys emphasized that Gensler’s public statements and speeches, both in his official and personal capacities, could show inconsistencies or lack of clarity in the SEC’s approach to crypto.
In a filing to the U.S. District Court for the Southern District of New York, the SEC described Coinbase’s demand as a misinterpretation of the disclaimer commonly used in Gensler’s public speeches.
SEC argues in the filing that the Coinbase seeks “irrelevant material.” The disclaimer states that the views expressed are personal and not representative of the Commission’s official stance. The SEC argues that this does
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