Gensler Accused of Destroying Key Documents as Coinbase SEC Battle Intensifies
SEC Chair Gary Gensler faces explosive allegations of document destruction amid escalating legal warfare with Coinbase. The crypto exchange's legal team claims critical evidence has vanished—just as regulatory scrutiny reaches fever pitch.
Document Disappearance Drama
Internal communications and meeting records allegedly tossed—right when Coinbase needed them most. The timing reeks of regulatory theater, the kind that would make Wall Street veterans shrug and say 'just another Tuesday at the commission.'
Legal Battle Turns Nuclear
Coinbase's attorneys aren't just arguing law—they're accusing the regulator of actively sabotaging their defense. Discovery requests met with suspicious gaps in documentation. Subpoenas yielding curiously incomplete responses.
Regulatory Credibility on Trial
When the watchdog's record-keeping looks shakier than a meme coin's fundamentals, everyone loses. The case now tests not just crypto's boundaries but the SEC's own integrity—and frankly, the optics are terrible.
Gensler's team either orchestrated the most convenient document purge since Enron or runs the least competent record-keeping operation in federal government. Neither option inspires confidence in the agency policing trillion-dollar markets.
The ongoing Coinbase SEC battle has taken a new turn with the exchange accusing the regulator of destroying critical documents. At the center of the controversy are nearly a year’s worth of text messages from former Chair Gary Gensler,... Read More
