Coinbase wants the US Securities and Exchange Commission (SEC) to produce documents related to its regulatory decision-making processes around various digital assets.
The top US crypto exchange has asked a judge to order the regulator to find and produce documents related to past communications with crypto issuers.
Coinbase also argues that the SEC should better record the documents it withholds.
“Coinbase will work in good faith to agree on a reasonable search protocol, but the additional burden of logging relevant documents withheld after review is minimal and largely automated; the SEC should not be exempt from this.”
Paul Grewal, Coinbase’s chief legal officer, said the request addresses the SEC’s “inconsistent views” on crypto and its own regulatory authority.
“Does a defendant in a lawsuit from his own government deserve transparency about the facts of the case? We think the answer is clearly yes and appreciate the Court’s consideration.”
The SEC first charged Coinbase in June 2023 for allegedly violating securities laws, including selling unregistered securities and operating an unregistered exchange/brokerage firm.
In June, Coinbase filed a countersuit against the SEC and the Federal Deposit Insurance Corporation (FDIC), accusing the regulators of acting outside their jurisdiction, attempting to “cripple” the crypto industry and violating the Freedom of Information Act ( FOIA). ) requests.
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