US SEC Faces Sanctions as Coinbase Accuses It of Deleting Gensler’s Texts

TLDR Coinbase pushes for court sanctions after the SEC erased Gary Gensler’s texts. Missing Gensler texts relate to FTX collapse and crucial crypto enforcement actions. SEC’s failure to maintain records risks the credibility of its crypto oversight. Coinbase demands expedited discovery to identify destroyed SEC records. Coinbase is demanding that a federal court impose…