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Coinbase responded to the SEC's petition, in which the regulator asks the court to block access to a "reasonable investigation" regarding Gensler's correspondence. In a statement, the exchange's general counsel, Paul Grewal, emphasized that any legal process should be as transparent as possible. “Democracy, like due process, dies in darkness. We appreciate the court's careful consideration of this issue,” he said. Earlier in June, Coinbase demanded that the SEC provide all documents regarding the legal status of cryptocurrencies. The trading platform also requested access to Gensler's personal communications to verify what views he actually holds regarding digital assets.
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