SEC CLAIMS COINBASE'S SUBPOENA FOR MILLIONS OF DOCUMENTS IS A WASTE OF TIME

Summary from the TLDR Crypto newsletter

The SEC has criticized Coinbase for excessively subpoenaing documents, including emails from Gary Gensler, labeling the demand as unnecessary and irrelevant to the case. It claims that it has already provided over 240,000 documents and that meeting Coinbase's request for millions more would involve an impractical review of potentially privileged communications, far exceeding the actual case requirements.