SEC Accuses Coinbase of Overly Broad Subpoena Requests in Ongoing Court Case

• SEC accuses Coinbase of overly broad subpoena requests for Chair Gensler's records.
• Coinbase seeks Gensler's personal communications for defense in SEC trial.
• SEC calls Coinbase's subpoena a "blatant impropriety."
• Judge Failla orders pre-trial conference to address discovery dispute.
• Failla rejects Coinbase's request for Gensler's personal communications predating SEC Chair appointment.
• Coinbase submits motion to compel, narrowing scope of request but maintaining stance.

Summary :
The U.S. Securities and Exchange Commission (SEC) has accused Coinbase of making overly broad subpoena requests in its ongoing court case. The SEC has filed civil charges against Coinbase for allegedly violating securities laws, and the exchange had requested the records of SEC Chair Gary Gensler as part of its defense. However, the SEC has pushed back against this request, describing it as a "blatant impropriety." District Judge Katherine Polk Failla has called for a pre-trial conference to discuss the matter further. Coinbase has since submitted a motion to compel, narrowing the scope of its request but maintaining its position.

Sources :

- Coindesk