Coinbase Wins Lawsuit Against SEC, Awarded $150,000 Damages for Deleted Evidence

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According to The Wall Street Journal, Coinbase won a lawsuit against the SEC, which was ordered to pay $150,000 in damages for deleting text message evidence related to Operation Choke Point 2.0. The government action sought to pressure banks to cut off business relationships with legitimate cryptocurrency companies and their customers. Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, also criticized the government for closing citizens' bank accounts without justification or appeals process.
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