US SEC settles FOIA lawsuit with Coinbase over lost messages, WSJ op-ed says

July 22 : Coinbase has settled a Freedom of Information Act lawsuit against the U.S. Securities and Exchange Commission over records it sought from the agency, the cryptocurrency exchange's chief legal officer, Paul Grewal, said in a Wall Street Journal op-ed on Wednesday.Grewal said the agency, which polices corporate record-keeping, had lost text messages between former Chair Gary Gensler and other officials after a process the SEC said "automatically wiped" certain data.As part of the settlement, the SEC will pay $150,000 and fix its record-retention policies, he wrote.SEC did not immediately respond to a Reuters request for comment. Coinbase sued the SEC and the Federal Deposit Insurance Corp. in 2024, seeking documents it said would show a concerted effort by U.S. regulators to stamp