The U.S. Securities and Exchange Commission (SEC) has intensified its defense against Coinbase Inc.’s expansive request for documents. The SEC contends that its ongoing “extensive efforts” to produce documents have already demonstrated significant compliance and that complying with the additional “burden of fishing through and logging over three million more documents cannot be justified.” The motion was filed before the U.S. District Court for the Southern District of New York.
Daniel Maland, a partner at Rennert Vogel Mandler & Rodriguez and the Florida Bar chair of crypto and blockchain education, emphasized the potential ramifications of the court’s decision. He noted that the court’s anticipated rulings “will certainly impact the drafting of discovery towards the SEC on a go-forward basis.” Maland is not directly involved in this particular case.
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