Coinbase Chief Legal Officer: U.S. SEC Blocks Release of Gary Gensler's Communication Documents

ChainCatcher news, Coinbase Chief Legal Officer Paulgrewal.eth tweeted that the U.S. Securities and Exchange Commission (SEC) is blocking Coinbase's request to publicly disclose communications from Gary Gensler in the lawsuit against Coinbase.

paulgrewal.eth explained that in March 2021, Gensler told Congress that the SEC lacked regulatory authority over digital asset trading platforms, confirming the long-held view of market participants that digital asset trades on these platforms do not fall under the jurisdiction of securities law. As a distinguished professor of blockchain technology, and later speaking in a personal capacity during his tenure as Chairman of the SEC, Mr. Gensler has made many other statements on this issue to the public and market participants. Coinbase has requested documents from Mr. Gensler regarding these communications, as they relate to exposing how the SEC's enforcement actions violate constitutional due process requirements, but the SEC and Mr. Gensler are attempting to block the release of these documents.