SEC pays Coinbase $150K to settle FOIA lawsuit and revise policies
Crypto Briefing 2026-07-22 10:25:10
Context: The U.S. Securities and Exchange Commission (SEC) has agreed to pay $150,000 to Coinbase, a cryptocurrency exchange, to settle a lawsuit related to a Freedom of Information Act (FOIA) request. The SEC will also revise its record-retention policies as part of the settlement. This development marks a victory for transparency in the SEC's dealings.
Key Facts
- The SEC will pay Coinbase $150,000 to settle a FOIA lawsuit that was filed against the regulatory agency.
- As part of the settlement, the SEC has agreed to revise its record-retention policies, which was a key demand from Coinbase in the lawsuit.
- The settlement was reported by Crypto Briefing, a website that covers news and analysis related to cryptocurrency and blockchain technology, and can be found on their website at https://cryptobriefing.com/sec-coinbase-foia-settlement/.