The U.S.
Securities and Exchange Commission reached a settlement with Coinbase on Wednesday, ending a years-long legal dispute over the agency's handling of records requests tied to the prior administration.
On Wednesday, in an op-ed published by The Wall Street Journa l, Coinbase Chief Legal Officer Paul Grewal said former SEC Chair Gary Gensler waged a "litigation campaign against the industry." During Gensler's tenure, the SEC sued Coinbase and several other crypto firms, alleging they failed to comply with federal securities registration requirements.
In 2024, Coinbase filed two lawsuits — one against the SEC and another against the Federal Deposit Insurance Corporation — for not complying with Freedom of Information requests.
In the complaints, Coinbase, through consultant firm History Associates, Inc., accused the regulators of trying to cut off the crypto industry from the banking sector.
