đ#CryptoNews: A federal judge has urged Coinbase to reconsider its subpoena for SEC Chairman Gary Gensler's personal communications. The judge expressed surprise at the request and indicated it was inappropriate. Coinbase's lawyer argued Gensler's communications were relevant to the case, but the SEC disagreed, stating the subpoena could set a concerning precedent. The judge asked both parties to work on a briefing schedule.đ©ââïžđ
Coinbase initially served the SEC with requests for documents in April and planned to subpoena Genslerâs personal communications related to crypto over his tenure and four years prior. The SEC called this an "improper intrusion" into Genslerâs private life.đĄïžđ
What's your take on this? Is Coinbase's subpoena fair game or an overreach? Let's discuss in the comments!đ #Blockchain #Coinbase #SEC