World · Regulation · United States ·
US Securities and Exchange Commission settles lawsuit with Coinbase over deleted text messages
The US Securities and Exchange Commission reached a settlement with Coinbase in a case that was complicated by the disappearance of nearly a year of text messages from former SEC chair Gary Gensler. A government watchdog had previously blamed the message loss on avoidable errors.
Why it matters for the crypto market
The settlement closes a significant legal dispute between the US's largest crypto exchange and its main securities regulator, reducing a source of regulatory uncertainty for Coinbase and the broader market.
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