SEC Slams Coinbase's 'Sweeping Demand' For 'Over 3 Million More' Discovery Documents

The SEC insists that Coinbase's further discovery demands are too much and "prejudicial." (Credit: Coinbase Twitter)

KEY POINTS

• The SEC said it may need to cough up over 3 million documents to suffice Coinbase's demands
• The regulator also strongly pushed back on providing Gensler's emails, saying the demand was "prejudicial"
• Coinbase's Grewal said the SEC should at least be transparent to the crypto firms it targets

The fierce legal battle between the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange giant Coinbase continues as the regulator claimed that the exchange's "sweeping" discovery document demands were too much.