#Coinbase to face shareholder lawsuit over SEC risks, judge rules via @pelimatos https://t.co/ADjdK9hV6s
Coinbase's Legal Officer, Paul Grewal, achieves success in SEC dispute as judge mandates production of discovery in civil case. #Coinbase #SECDispute #CivilCase
Coinbase has won partial access to SEC documents related to securities laws 🔵Coinbase may soon gain access to SEC documents related to its application of securities laws to crypto assets after a partial victory in federal court. 🔵Coinbase has been in a legal battle with the… https://t.co/LtQk0pfuK9

A federal judge has ruled that the Securities and Exchange Commission (SEC) must provide key documents to Coinbase in their ongoing legal dispute. The ruling, delivered by Judge Failla, mandates the production of important discovery but excludes the testimony of SEC Chair Gary Gensler. This decision comes amid Coinbase's legal battle over the application of securities laws to crypto assets. Paul Grewal, Coinbase's Legal Officer, announced the partial victory in the civil case. Additionally, a court has refused to dismiss 10b claims against Coinbase, which allege that the company concealed the risk that customers' assets would be treated as part of the estate in the event of bankruptcy. Coinbase is also facing a shareholder lawsuit over SEC-related risks.