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VisitWill Gary Gensler remain SEC Chair by the end of 2024?
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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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Stock price remains within 10% range • 25%
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Settlement reached • 25%
SEC files new charges • 25%
Coinbase files new counterclaims • 25%