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What will be the outcome of the SEC's motion to quash Coinbase's subpoena by August 31, 2024?
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Resolution / Starting Odds
Motion granted • 25%
Motion denied • 25%
Motion partially granted • 25%
Other • 25%
Court ruling or official court records
Story
Judge Katherine Polk Failla Rejects Coinbase's Subpoena Request for SEC Chair Gensler
Jul 12, 2024, 01:34 AM
U.S. District Judge Katherine Polk Failla has rejected Coinbase's attempt to subpoena SEC Chair Gary Gensler. The judge criticized Coinbase's request for Gensler's personal communications, labeling it as 'fatuous' and potentially overreaching. The SEC argued that the demands were irrelevant and set a risky precedent. Despite Coinbase's efforts to access Gensler's emails on crypto from 2017 to the present, the judge found their arguments unconvincing and advised them to follow proper procedures. A hearing on the SEC's motion to quash was scheduled for 2pm ET.
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Ruling in favor of Coinbase • 25%
Ruling in favor of SEC • 25%
Partial ruling for both parties • 25%
Case dismissed • 25%
Announce new rulemaking • 25%
Appeal the decision • 25%
No immediate action • 25%
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Coinbase wins • 25%
SEC wins • 25%
Settlement reached • 25%
Case dismissed • 25%
Yes • 50%
No • 50%
Certified • 33%
Denied • 33%
Pending • 34%
Release FOIA information • 25%
Settle with Coinbase • 25%
No significant action • 25%
Other • 25%
No change • 25%
More stringent regulations • 25%
Less stringent regulations • 25%
New comprehensive framework • 25%
Emails • 25%
Internal memos • 25%
None • 25%
Other documents • 25%