The SEC settles with Coinbase over its missing Gary Gensler texts
CoinDesk·
60-second summary
The SEC is settling its two-year dispute with Coinbase over missing texts from former Chair Gary Gensler, reportedly agreeing to a flat fee resolution. The agency had been seeking information about Gensler's knowledge of Ethereum. This settlement ends a long-standing battle, potentially paving the way for Coinbase's regulatory clarity and a more stable market environment for cryptocurrency exchanges.
A new court status report reveals the agency will pay a flat fee to resolve a two-year fight over what former Chair Gary Gensler knew about Ethereum.