A New York judge approved Coinbase’s request for the SEC to produce certain documents.
The judge denied the motion to subpoena the SEC chair, Gary Gensler.
Coinbase’s chief legal officer is optimistic about the recent ruling.
A New York judge has granted Coinbase’s request for the SEC to hand over specific documents related to the tokens involved in the lawsuit against the crypto exchange. However, the judge rejected the motion to subpoena SEC Chair Gary Gensler.
A New York judge partially agreed to Coinbase's request for the U.S. SEC to provide documents, ordering the SEC to hand over key documents such as internal memos related to the "Howey Test", but rejected the subpoena request for SEC Chairman Gary Gensler. https://t.co/aHVey0NnOh
— Wu Blockchain (@WuBlockchain) September 7, 2024
In a September 5 ruling, US District Judge Katherine Polk Failla granted part of Coinbase’s “motion to compel,” ordering “huge discovery into internal memorandum and other documents reflecting the SEC’s Howey analysis,” according to Coinbase’s chief legal officer, Paul Grewal.
SEC’s Lawsuit and Coinbase’s Response
The SEC sued Coinbase last year, ac…
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