Coinbase just landed a $150K settlement with the SEC after a fiery legal battle over transparency during the crypto crackdown — and yes, the SEC lost a year’s worth of texts from its own former chair. The move underscores growing tensions between regulators and crypto firms over enforcement vs. rulemaking, while also highlighting the SEC’s own record-keeping failures. This win follows a similar victory against the FDIC and comes as the agency shifts toward a more open stance on crypto — all while Coinbase’s legal chief, Paul Grewal, prepares to step into an advisory role.
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