The post Coinbase Scores New Win In SEC FOIA Case appeared on BitcoinEthereumNews.com.

American digital currency trading platform Coinbase Global Inc. has recorded a minor victory in its Freedom of Information Act (FOIA) case with the US Securities and Exchange Commission (SEC). In an order signed by Judge Ana C. Reyes, the Court sided with Coinbase, asking the regulator to comply with an already established deadline. Latest Coinbase Victory Over US SEC According to the X update from Coinbase CLO Paul Grewal, Judge Ana denied the regulator’s demand to dismiss the FOIA case. The Judge also refused to grant a further extension in the timeline required to respond to the FOIA requests. According to an excerpt of the judgment, the Court noted that it had granted a series of leniencies regarding this case. These allowances include the 3-week extension granted in January this year.  The Judge flagged the subtle strategy of the US SEC as it produced only eight documents when it finally complied with some of the court orders. To address this, Judge Reyes said it might resort to sanctions if the regulator fails to meet the next deadline set for April 11. As Paul Grewal noted, the Coinbase team has been meeting with the new SEC leadership. He noted that the public will soon gain insight into the regulators’ crackdown efforts. What is Coinbase Exchange Really After? Per an earlier CoinGape report, Coinbase filed to access information on the agency’s crypto crackdown efforts during Gary Gensler’s tenure. The crypto exchange was looking for key documents targeting Ethereum following its transition to Proof of Stake (PoS). Considering the contentions around Ethereum’s classification as a commodity while other assets were targeted, the exchange sought communications regarding this. The crypto exchange also sought to see the documents from the regulatory efforts directed to the Ethereum 2.0 investigation, as well as information on how much…

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Filed under: News - @ March 29, 2025 5:18 am