Coinbase, a leading cryptocurrency exchange platform, has taken a significant step in its ongoing efforts to obtain documents from the U.S. Securities and Exchange Commission (SEC) by partnering with History Associates Inc., a professional research and consulting firm. The collaboration aims to retrieve crucial information under the Freedom of Information Act (FOIA).
Initially, the SEC denied Coinbase’s request, stating that the requested documents were related to an ongoing investigation. However, undeterred by this setback, Coinbase’s legal representative, History Associates Inc., decided to take legal action against the agency. The firm is now gearing up to petition the U.S. District Court for the District of Columbia to compel the SEC to release the requested information.
Interestingly, the SEC has recently hinted that its initial denial may no longer be applicable, potentially opening the door for Coinbase to gain access to the much-needed documents.
