Coinbase Asks Court To Order An “Expedited Proper Search” Of Deleted Text Messages From Former Anti-Crypto SEC Chair Gary Gensler
Coinbase has asked a federal court to order an “expedited proper search” of deleted text messages that were made by former US Securities and Exchange Commission (SEC) Chair Gary Gensler after it was revealed the the agency erased a year’s worth of his communications. The US-based crypto exchange submitted a filing through History Associates. In the filing, Coinbase referenced a Sept. 3 report from the Inspector General that said the SEC had “excluded officials’ text messages when processing FOIA requests, even though many qualified as agency records to FOIA.” The report also found that nearly a year of Gensler’s government text messages from Oct. 18, 2022, to Sept. 6, 2023, were lost due to avoidable IT/record-keeping missteps that included a factory reset before a backup was performed. The time the missteps took place coincided with the collapse of FTX and the SEC’s heightened enforcement actions against crypto exchanges, ...