Courtroom Showdown: Coinbase vs SEC ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
In a heated hearing on Thursday, Judge Katherine Polk Failla questioned Coinbase's motion to subpoena Gary Gensler's personal communications. She called their reasons "fatuous" and inconsequential, particularly regarding Gensler's past comments before his SEC appointment.
Coinbase's attorney, Kevin Schwartz, argued that Gensler's background and statements are crucial to the case. However, the judge wasn't convinced, dismissing the demands for information prior to Gensler's tenure as chairman.
The SEC's senior trial attorney, Jorge Tenreiro, opposed the subpoena, calling it irrelevant and potentially setting a dangerous precedent. He emphasized that the case focuses on Coinbase's actions, not Gensler's personal statements or scholarly work.
The battle between Coinbase and the SEC continues, with the judge's skepticism casting a shadow on Coinbase's subpoena efforts.
