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SEC Settles With Coinbase Over Missing Gensler Texts

SEC Settles With Coinbase Over Missing Gensler Texts

The two-year fight over Gensler's Ethereum knowledge

The dispute began during Gensler's tenure at the SEC. Coinbase had sought his communications related to Ethereum's regulatory status. The agency said it could not locate the texts. That led to a separate court battle over whether the SEC had deliberately withheld evidence. Coinbase argued the missing texts were critical to its defense against the SEC's enforcement action. The SEC maintained the texts were not relevant to the case. The fight dragged on for two years, with both sides filing motions and counter-motions.

A flat fee to end the dispute

The court status report filed this week says the SEC will pay a flat fee to resolve the matter. Neither the SEC