Golden Finance reported that at a hearing on Thursday, Katherine PolkFailla, a judge at the Southern District Court of New York, rejected Coinbase's request to subpoena personal communications of Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), and asked it to re-plan and prepare a briefing schedule. Earlier in June, Coinbase told the SEC that it planned to subpoena SEC Chairman Gary Gensler's personal communications related to cryptocurrencies during his tenure and in the four years before he was appointed chairman. Judge Faill said she was "actually very surprised by the request made to Gensler in her personal capacity at the beginning of the hearing." Towards the end of the hearing, after both parties explained their arguments, the judge still believed that Coinbase's request was inappropriate, but asked the exchange to file a motion to force a formal procedure so that both parties could elaborate on their arguments in more depth.