U.S. District Judge Katherine Polk Failla of the Southern District of New York. (Credit: Diego M. Radzinschi) SEC Urges Judge to Deny Coinbase's 'Breathtakingly Broad' Subpoena Request
"This court's anticipated decision(s) in this discovery dispute will certainly impact the drafting of discovery towards the SEC on a go-forward basis," Daniel Maland, the Florida Bar chair of crypto and blockchain education, said in an email.
August 06, 2024 at 03:33 PM
4 minute read
What You Need to Know
- The U.S. Securities and Exchange Commission pushed back on accusations by Coinbase that it has not complied with discovery requests.
- The SEC also alleged that additional discovery requests by Coinbase were overbroad and it has satisfied Coinbase's discovery requests.
- An expert on cryptocurrency and blockchain said the ruling could set a precedent for the SEC in future discovery requests.
The U.S. Securities and Exchange Commission doubled down on its "extensive efforts" so far to produce documents in discovery for Coinbase Inc. and argued in a motion before a federal district court in Manhattan that the additional "burden of fishing through and logging over three million more documents cannot be justified."
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