ChainCatcher reported that according to Cointelegraph, Coinbase continues to seek access to Gary Gensler's private communication documents, believing that this is an "appropriate discovery source" in its fight with financial regulators. "Gary Gensler claims that he sometimes explicitly shares his views and communications with market participants in his personal capacity, which is more reason to investigate his private information."
Earlier, Coinbase Chief Legal Officer Paulgrewal.eth said on social media that the U.S. Securities and Exchange Commission (SEC) prevented Coinbase from requesting the disclosure of Gary Gensler's communication documents in the Coinbase lawsuit. U.S. SEC Chairman Gary Gensler told the U.S. Congress in March 2021 that the SEC lacked regulatory authority over digital asset exchanges. "This confirms the long-standing view of market participants that digital assets traded on these exchanges are not subject to securities law." He said he looks forward to resolving this issue with the court.