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SEC Agrees to Pay Coinbase $150,000 in Legal Fees to Settle Records Dispute

Enforcement Actions Regulation & Policy

2026-07-23 13:33:18

COIN-2.01%

According to SEC filings released Wednesday, the U.S. Securities and Exchange Commission agreed to pay Coinbase $150,000 to settle a two-year records dispute in which the exchange sought internal agency documents from the period of the SEC's most aggressive crypto enforcement campaign. The settlement resolves Coinbase's lawsuit seeking communications and policy documents that the company argued were needed to show how regulators approached crypto oversight. The agreement follows a 2025 internal report revealing the SEC had deleted nearly a year of former Chair Gary Gensler's text messages due to what was characterized as "avoidable" errors, strengthening Coinbase's legal argument that the regulator had failed to preserve its own records during the critical enforcement period.

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