Coinbase Demands Court Action After SEC Watchdog Confirms Gensler’s Texts Vanished

SEC's internal watchdog drops bombshell: Gensler's messages gone—just as crypto giant turns up heat.

The Paper Trail Goes Cold

Coinbase isn't waiting around. They've slapped the SEC with a demand for court intervention after the agency's own inspector general admitted key communications from Chair Gary Gensler can't be recovered. No dates, no details—just a digital black hole where regulatory transparency should be.

Legal Pressure Mounts

The exchange's legal team pounced faster than a flash crash, filing urgent motions to compel preservation of remaining records. They argue the vanished texts could've revealed crucial insights into the SEC's enforcement strategy—or lack thereof. Gensler's team now faces accusations of either incompetence or obstruction. Take your pick.

Another 'Oops' Moment for Regulators

Wall Street's watchdogs keep fumbling the crypto file—losing messages like they're trading NFTs during a bull run. Maybe next they'll misplace an entire enforcement division. Would anyone notice?