SEC pays Coinbase $150K to settle FOIA lawsuit and revise policies

The US SEC has agreed to pay Coinbase $150,000 to settle a FOIA lawsuit concerning lost messages. As part of this agreement, the SEC will revise its record-retention policies. This settlement follows reports from a WSJ op-ed and represents a transparency victory for Coinbase. The action ensures that the SEC addresses its failures in maintaining records, marking a significant legal resolution between the regulatory body and the cryptocurrency exchange regarding public information access.