Coinbase: Gary Gensler’s Emails Are “Reasonable Sources of Discovery” in SEC Lawsuit

Coinbase has fought back against the SEC’s motion to block “reasonable discovery” by Gary Gensler, the agency’s chairman, as the company battles the SEC. “We have responded to the SEC’s efforts to block Gary Gensler’s reasonable discovery in a case that the SEC, not Coinbase, chose to initiate,” Coinbase Chief Legal Officer Paul Grewal wrote on X today. “We appreciate the court’s careful consideration of this matter.” In a letter filed Wednesday with U.S. District Judge Katherine Failla, Coinbase’s lawyers said the discovery sought from Gensler is relevant to the case and that “Gensler’s communications during his tenure as chairman regarding the regulatory status of digital assets and exchanges are central to Coinbase’s fair notice defense.”