July 22, 2026·Bullish·regulatory legal

SEC Settles Coinbase Lawsuit Over Lost Gensler Texts

The SEC settled a records lawsuit with Coinbase, agreeing to pay $150,000 and overhaul its document retention policies. The settlement follows the agency's failure to preserve text messages from former Chair Gary Gensler, which Coinbase had sought in discovery.

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SEC pays Coinbase $150K over Gensler's vanished texts The SEC (@SECGov) has settled Coinbase's records lawsuit, agreeing to pay $150,000 and overhaul its retention policies after losing close to a year of former Chair Gary Gensler's messages, per an op-ed by Coinbase legal chief https://t.co/KZv0ybO4wE