SEC 要求向 Coinbase 提供一些文件，但 Gensler 傳票被拒絕

紐約一名聯邦法官對美國證券交易委員會（SEC）和加密貨幣交易所 Coinbase 之間正在進行的法律糾紛做出了混合裁決。

A federal judge in New York has granted certain parts of cryptocurrency exchange Coinbase’s motion to compel the U.S. Securities and Exchange Commission (SEC) to provide documents relevant to an ongoing legal battle, but rejected other requests, including the subpoena of SEC Chair Gary Gensler.

紐約一名聯邦法官批准了加密貨幣交易所Coinbase 的動議的某些部分，該動議迫使美國證券交易委員會(SEC) 提供與正在進行的法律鬥爭相關的文件，但拒絕了其他請求，包括SEC 主席加里·詹斯勒(Gary Gensler) 的傳票。

The decision comes amid a broader lawsuit filed by the SEC, accusing Coinbase of operating its platform without proper registration. This lawsuit, initiated in 2023, has led to a discovery phase where Coinbase seeks to acquire documents from the SEC to aid its defense. Coinbase's attempts to compel additional documentation and statements from Gensler have been a key point of contention.

這項決定是在 SEC 提起更廣泛的訴訟之際做出的，指控 Coinbase 在沒有適當註冊的情況下經營其平台。這起訴訟於 2023 年發起，目前已進入證據揭露階段，Coinbase 尋求從 SEC 取得文件以協助其辯護。 Coinbase 試圖迫使 Gensler 提供額外的文件和聲明一直是爭論的關鍵點。

Coinbase's original motion included a broad request for documents, particularly focusing on those related to the SEC's evaluation of various cryptocurrency tokens under the Howey Test—a legal standard used to determine whether certain assets qualify as securities. Coinbase also sought documents connected to the SEC's approval of its public listing in 2021 and requested that Gary Gensler testify and provide personal communications.

Coinbase 的原始動議包括廣泛要求提供文件，特別關注與 SEC 根據豪伊測試（用於確定某些資產是否有資格作為證券的法律標準）評估各種加密貨幣代幣相關的文件。 Coinbase 也尋求與 SEC 批准其 2021 年公開上市相關的文件，並要求 Gary Gensler 作證並提供個人通訊。

Judge Katherine Polk Failla, in a ruling dated Thursday, decided to grant Coinbase access to certain SEC documents, which could prove crucial to the exchange’s defense. However, the judge rejected Coinbase's request to subpoena Gensler for testimony or personal communications.

法官凱瑟琳·波爾克·法伊拉 (Katherine Polk Failla) 在周四的一項裁決中決定授予 Coinbase 訪問 SEC 某些文件的權限，這可能對該交易所的辯護至關重要。然而，法官拒絕了 Coinbase 傳喚 Gensler 提供證詞或個人通訊的請求。

Coinbase had initially sought documents dating back to 2017, including Gensler’s private emails. However, this request was narrowed to only cover his time leading the agency after he assumed office in 2021.

Coinbase 最初尋找的是 2017 年以來的文件，包括 Gensler 的私人電子郵件。然而，這項要求被縮小到僅涵蓋他 2021 年上任後領導該機構的時間。

Paul Grewal, Coinbase’s Chief Legal Officer, said the company withdrew the request for Gensler’s communications after the SEC assured the court that Gensler had not used personal communication channels for SEC business. “The SEC has represented, under penalty of perjury, that Gary Gensler has not used any personal communication channels to conduct SEC business,” Grewal stated, explaining why the request was no longer pursued.

Coinbase 首席法務官 Paul Grewal 表示，在 SEC 向法院保證 Gensler 沒有使用個人溝通管道處理 SEC 業務後，該公司撤回了對 Gensler 進行溝通的請求。 Grewal 表示：「SEC 表示，Gary Gensler 沒有使用任何個人溝通管道來開展 SEC 業務，如有偽證，願受處罰。」他解釋了為何不再追究該請求。

Coinbase had sought broader access to documents from a variety of SEC leadership and staff, including current and former SEC commissioners. The SEC had originally offered to produce documents from only five of its staff members, which Coinbase argued was insufficient.

Coinbase 曾尋求更廣泛地獲取 SEC 領導層和工作人員的文件，其中包括現任和前任 SEC 成員。 SEC 最初只提出提供五名工作人員的文件，Coinbase 認為這還不夠。

Judge Failla agreed that more documents should be produced but did not grant Coinbase’s full request for additional personnel. The judge specifically excluded current and former commissioners from the search, reducing the scope of individuals whose communications must be examined.

Failla 法官同意應提供更多文件，但沒有批准 Coinbase 增加人員的全部請求。法官明確地將現任和前任委員排除在搜查之外，從而縮小了必須審查其通信的個人範圍。

The judge also ruled that the SEC would not have to turn over internal documents unless they included external attachments. Despite this limitation, Coinbase's legal team viewed the ruling as a victory in pursuing evidence related to the SEC's application of the Howey Test to the tokens in question.

法官還裁定，除非包含外部附件，否則 SEC 不必移交內部文件。儘管有這項限制，Coinbase 的法律團隊仍認為該裁決是在尋求與 SEC 對相關代幣應用 Howey 測試相關的證據方面的勝利。

Grewal noted that the court’s order would result in Coinbase obtaining critical discovery that could strengthen its legal defense. He described the ruling as a significant step forward in uncovering the SEC’s internal deliberations.

Grewal 指出，法院的命令將導致 Coinbase 獲得關鍵發現，從而加強其法律辯護。他稱該裁決是揭露 SEC 內部審議的重要一步。

Judge Failla also ruled in favor of the SEC's request to permanently file some documents under seal, allowing redactions for sensitive information. While the exact contents of these redactions remain unknown, it is expected that these documents will contain confidential or proprietary information that the SEC deems too sensitive for public release. This is a common practice in litigation involving regulatory bodies and financial entities.

法伊拉法官也裁定支持美國證券交易委員會要求永久封存一些文件的請求，從而允許對敏感資訊進行編輯。雖然這些修訂的具體內容仍然未知，但預計這些文件將包含 SEC 認為過於敏感而無法公開發布的機密或專有資訊。這是涉及監管機構和金融實體的訴訟中的常見做法。

Coinbase's Grewal emphasized that the ruling would still allow them access to key documents. “While it may be the case that we withdrew one particular request, and the judge recognized certain reasonable limits, this was an order granting the heart of the discovery that we have been seeking for months,” Grew

Coinbase 的 Grewal 強調，該裁決仍將允許他們存取關鍵文件。格魯說：“雖然我們可能撤回了一項特定請求，並且法官承認了某些合理的限制，但這項命令授予了我們幾個月來一直在尋求的發現的核心內容。”