A new court status report reveals the agency will pay a flat fee to resolve a two-year fight over what former Chair Gary Gensler knew about Ethereum.
- The Securities and Exchange Commission agreed to pay $150,000 and produce remaining records to settle a FOIA lawsuit over its investigations into Ethereum.
- History Associates Inc., working on behalf of Coinbase, had sued in June 2024 after the SEC failed to fully respond to records requests about Ethereum’s shift to proof-of-stake and earlier crypto enforcement actions.
- The case, which forced the SEC to turn over thousands of documents and revealed the deletion of texts and data from phones of top officials including Gary Gensler, will be dismissed once final production is complete.
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Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters :
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Senate Dems should accept the victory they won on Trump's crypto limits: White House
EU hits Russia with massive 21st sanctions package targeting $120B crypto network
Clarity Act expected to miss its window before Congress' summer break, leadership says
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