Gensler Information Lacks Troubleshooting Trust Crisis in the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Regulatory
Source: CoinWorld
Time: 2025-09-12 05:23:15
Coinbase seeks judicial sanctions against the Securities and Exchange Commission (SEC) for failing to provide lost emails and text messages from Chairman Gary Gensler, arguing that the communications are crucial to understanding the agency’s position on digital asset regulation. The exchange claims that the negligence violates the rules of evidence disclosure and undermines regulatory transparency, and the company is currently in an ongoing legal battle over the SEC's alleged overreach of power. The SEC has not commented on the motion, but has adhered to its commitment to investor protection and market integrity. The case could set a precedent for cryptocurrency regulation and SEC law enforcement reviews.