The U.S. Securities and Exchange Commission asked a New York court to deny crypto exchange Coinbase Global's subpoena demanding that the regulator hand over “essentially all documents that in any way relate to crypto,” according to court documents filed earlier this week.
The news comes ahead of Coinbase's upcoming trial against the SEC. Last year, the agency filed a lawsuit against Coinbase for allegedly operating as an unregistered securities broker. Leading up to that, Coinbase sued the SEC seeking to force a response on its rulemaking petition.
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