Coinbase: the exchange wants the SEC’s internal communications on ETH and other crypto

Coinbase has hired a research firm to obtain documents on the SEC’s internal communications regarding ETH and other crypto. The intent of the crypto-exchange is to reveal how the agency came to consider the tokens as securities.

Coinbase: the exchange wants to shed light on how the SEC came to consider ETH and crypto as securities

Coinbase continues to investigate the United States Securities and Exchange Commission (or SEC), seeking to shed light on the crypto and security issue. 

Specifically, it seems that the crypto-exchange has hired a company for the search of SEC documents, History Associates. This company intends to ask a judge for a quick decision on the opportunity to obtain the key SEC documents that could reveal how the agency came to consider tokens as securities.

In practice, History Associates might soon make public the internal communications of the SEC on ETH and other crypto. 

In fact, the federal court could decide whether the company, and also the general public, will be able to see what the SEC officials said in their private discussions. 

It is precisely about knowing in detail the various internal reflections of the regulatory authority on the opportunity to pursue Ethereum (ETH) and other tokens as illegal securities.

Coinbase: the exchange wants to expose the SEC on the issue of ETH and crypto as unregulated securities

Coinbase has decided to hire History Associates Inc after the trial against the SEC initially ended with the refusal by the agency to show the requested documents. 

In fact, after the same crypto-exchange sued the SEC over this refusal, History Associates is instead preparing to ask the US District Court to force the agency’s hand, given that the reason for its initial refusal may no longer be valid.

In this regard, yesterday, the company hired by Coinbase stated in a note filed with the court, the following:

“In the absence of reasonable alternatives, History Associates intends to seek a partial summary judgment on the documents generated by the SEC”

Last month, the SEC requested the Court more time to review its documentation, extending the Coinbase case well beyond the presidential elections in November, until well into 2025.

Crypto.com also cites the SEC in court

In the crypto space, many companies are rebelling. Recently, it emerged that Crypto.com has also sued the CFTC and the SEC of the USA.

The idea of the crypto-exchange is to join its industry colleagues to protect the future of cryptocurrencies in the United States. 

In practice, after receiving a Wells notice from the agency, Crypto.com decided to actively defend itself on crypto regulation. 

His petition aims to illustrate how the SEC continues with an unauthorized and unfair regulatory campaign. In fact, for the crypto-exchange, the SEC has established an illegal rule according to which the exchanges of all cryptos are securities transactions.