Coinbase asks court to recover deleted texts from former SEC chair

Coinbase has asked a U.S. federal court to order the recovery and disclosure of deleted text messages from former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. According to The Block, the SEC deleted one year's worth of messages sent and received by Gensler between October 2022 and September 2023, citing a new policy implemented in 2023. Coinbase Chief Legal Officer Paul Grewal stated that the company has been requesting all internal SEC communications on crypto regulation for years, only to find the agency had destroyed the information. Grewal added that Coinbase is asking the federal court for expedited discovery, sanctions, and the submission of all relevant text messages to prevent such an occurrence from happening again.