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SEC Settles Coinbase Lawsuit — Gary Gensler's Vanishing Texts a Key Issue

The US Securities and Exchange Commission has settled its lawsuit against crypto exchange Coinbase. The settlement comes after a watchdog report found that nearly a year's worth of text messages from former SEC chair Gary Gensler were lost due to "avoidable errors". The disappearance of Gensler's messages had become a significant side issue in the broader legal battle between the regulator and the exchange.