Coinbase Sues SEC For Crypto Documents, Demands Transparency
Coinbase has filed a motion in a Washington, D.C. court asking for partial summary judgment to obtain internal SEC documents.
The lawsuit calls for the SEC to hand over records about its approach to enforcing against cryptocurrency. Coinbase argued the records are crucial to understanding regulatory expectations. In response to the request, the SEC claimed it would take three years to re-review the documents, pleading legal exemptions.
Coinbase Accuses SEC of Obstructing Transparency
According to the Coibase legal team, the SEC has continually obstructed its attempts to gain information through Freedom of Information Act (FOIA) requests. The exchange states that the SEC denied the requests, citing FOIA Exemption 7(A) to…
