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International Business Times
International Business Times
Business
Marvie Basilan

UNCOVERED: Coinbase seeks documents from sec in crypto lawsuit | History Defined

Coinbase SEC Crypto Lawsuit Gensler United States
Coinbase has been calling for an "update" of the U.S. financial system to include clear regulations for the crypto sector. (Credit: Coinbase Twitter)

KEY POINTS

  • The SEC sued Coinbase in 2023, accusing it of offering unregistered securities services
  • Coinbase said the regulator's 'blanket claims of privilege are improper'
  • The SEC previously said Coinbase can't force it to engage in new rulemaking for crypto

The heated legal battle between the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange giant Coinbase ensues, and in the latest twist of events, Coinbase asked the court to make the regulator produce documents that it said should help with its defense.

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