Coinbase Narrows Demand for SEC Chair Gensler's Crypto Messages

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Coinbase Narrows Demand for SEC Chair Gensler's Crypto Messages
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Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.

Crypto exchange Coinbase filed a motion to compel the Securities and Exchange Commission to produce internal communications on its discussions about crypto, including the messages of Chair Gary Gensler.

Coinbase Inc. is going after internal chatter at the U.S. Securities and Exchange Commission that may shed light on its pursuit of cryptocurrency exchanges as illegal enterprises – including Chair Gary Gensler's own communications – but the scope of its latest request filed on Tuesday has been dialed back after resistance from a federal judge.

The regulator will have a chance to respond by next month, though Tuesday's motion claims the SEC"refuses to search any document outside of a self-selected group of Enforcement Division investigatory files" and won't ask Gensler"whether he used his personal email for communications about his public statements on these subjects."accused the company of offering unregistered securities and running an unregistered exchange.

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