Coinbase has slammed the US Securities and Exchange Commission (SEC) for a “destroy-and-delay approach” to records, accusing the agency of erasing crucial text messages related to pending crypto litigations
Coinbase Accuses SEC Of ‘Destroying’ Records
On Thursday, crypto exchange Coinbase, through historical research firm History Associates, asked the federal court to “bring the SEC’s secretive policy shifts on crypto to sunlight” with a Freedom of Information Act (FOIA) case.
Coinbase’s CLO, Paul Grewal, explained that the company asked the US District Court for the District of Columbia to address the “gross violation of public trust” that the regulatory agency was recently part of “to ensure it never happens again.”
“The Gensler SEC destroyed documents they were required to preserv