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Coinbase Settles FOIA Lawsuit with SEC, Receives $150,000 Settlement on July 22

Enforcement Actions Stocks

2026-07-22 12:29:24

COIN9.52%

According to the Wall Street Journal, Coinbase settled its Freedom of Information Act lawsuit with the U.S. SEC on July 22, with the SEC agreeing to pay $150,000 and reform its records retention policies, according to Coinbase Chief Legal Officer Paul Grewal. The lawsuit revealed that the SEC had lost nearly a year of communications between former Chair Gary Gensler and other senior officials during a period of intense crypto industry enforcement. Coinbase had previously requested documents on how the SEC applied securities law to digital assets but was denied, prompting the legal action that was ultimately supported by the court.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

In-Depth Analysis

SEC Sues Mining Automatic for Alleged $22 Million Crypto Fraud Scheme

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Gate Daily Report (July 21): Trump refuses to sign the CLARITY Act’s ethical provisions; Grayscale files an application for a Worldcoin ETF

Market Whisper07-21 01:27

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