{"id":2998,"date":"2026-07-23T03:19:40","date_gmt":"2026-07-23T03:19:40","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2998"},"modified":"2026-07-23T03:19:40","modified_gmt":"2026-07-23T03:19:40","slug":"sec-pays-150000-settle-coinbase-foia-suit","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2998","title":{"rendered":"SEC Pays $150,000 Settle Coinbase FOIA Suit"},"content":{"rendered":"
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\ud83d\udcf0 Exclusive Crypto News & Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n

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The US Securities and Exchange Commission agreed to pay $150,000 in legal fees to settle a Coinbase lawsuit seeking internal records from the agency at the height of the Biden-era SEC crackdown on crypto. <\/p>\n

The agreement, filed<\/span><\/a> on Wednesday, ends a two-year lawsuit between the SEC and Coinbase, in which the crypto exchange sought internal documents from the regulator to uncover evidence of \u201ccrypto by enforcement.\u201d An internal report in 2025 revealed the SEC had deleted nearly a year of former SEC Chair Gary Gensler\u2019s texts due to \u201cavoidable\u201d errors. <\/p>\n

\u201cThe agency tasked with policing corporate record-keeping somehow lost reams of its own text messages between Mr. Gensler and other officials during the most intense period of the anti-crypto campaign,\u201d said Coinbase chief legal officer Paul Grewal in an op-ed published<\/a> by the Wall Street Journal on Wednesday, adding that the SEC will pay a $150,000 \u201caward\u201d and has fixed its record retention policies. <\/p>\n

The settlement marks another legal victory for Coinbase under the Trump administration. The SEC, under the leadership of Paul Atkins, has taken a more crypto-friendly approach and dropped several high-profile enforcement actions against crypto companies, including Coinbase, in 2025.<\/p>\n

Related: <\/strong><\/em>Coinbase chief legal officer to transition to advisory role on July 31 <\/strong><\/em><\/span><\/a><\/p>\n

In February, Coinbase reached a settlement<\/span><\/a> with the Federal Deposit Insurance Corporation, with the FDIC agreeing to pay $188,440 in legal fees and revising aspects of its transparency practices after a federal court found it had violated the Freedom of Information Act. <\/p>\n

\u201cThe years of litigation were worth it. We successfully uncovered dozens of crypto \u2018pause letters\u2019\u2014indisputable proof of OCP2.0 and the coordinated effort to sideline the industry,\u201d Grewal said in an X post in February. <\/p>\n

Grewal to transition from chief legal officer<\/h2>\n

Paul Grewal, who has served as Coinbase\u2019s chief legal officer since 2020, is set to transition to an advisory role at the exchange starting on July 31, with Coinbase legal vice presidents Molly Abraham and Ryan VanGrack set to become general counsel and vice chair, respectively.<\/p>\n

Magazine: <\/strong><\/em>Will the crypto lobby\u2019s $189M campaign get CLARITY over the line?<\/strong><\/em><\/span><\/a><\/p>\n<\/div>\n

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy<\/a> and aims to provide accurate and timely information. Readers are encouraged to verify information independently. <\/div>\n

\ud83d\udca1 Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n

\ud83d\udd17 Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\ud83d\udcf0 Exclusive Crypto News & Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. The US Securities and Exchange Commission agreed to pay $150,000 in legal fees to settle a Coinbase lawsuit seeking internal records from the agency at the …<\/p>\n","protected":false},"author":1,"featured_media":2999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-2998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2998"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2999"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}