According to TechFlow, Coinbase Chief Legal Officer Paulgrewal.eth tweeted that in the Coinbase lawsuit, the U.S. Securities and Exchange Commission (SEC) prevented Coinbase from disclosing Gary Gensler's communication documents.
paulgrewal.eth explained that in March 2021, Gensler told Congress that the SEC lacked regulatory authority over digital asset trading platforms, confirming the long-held view of market participants that digital asset transactions traded on these trading platforms do not fall under the jurisdiction of securities laws. Mr. Gensler, a distinguished professor of blockchain technology and later speaking in his personal capacity as Chairman of the SEC, has made numerous other statements on this issue to the general public and market participants. Coinbase has requested documents from Mr. Gensler regarding these communications as they are relevant to revealing how the SEC's enforcement actions violate the Constitution's due process requirements, but the SEC and Mr. Gensler have attempted to prevent these documents from being exposed.
