SEC Pays Flat Fee to Settle Coinbase Dispute Over Gensler's Missing Texts

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The U.S. Securities and Exchange Commission has reached a settlement with Coinbase to resolve a legal dispute over missing text messages from former SEC Chair Gary Gensler. The conflict, which stretched over two years, centered on what Gensler knew about Ethereum and whether relevant communications had been preserved. A court status report revealed that the agency agreed to pay a flat fee as part of the resolution. The settlement brings to a close a prolonged records dispute that had drawn significant attention in the crypto industry.

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