The US Securities and Exchange Commission (SEC) has reached a settlement with Coinbase related to missing texts from former Chair Gary Gensler. According to a recent court status report, the agency will pay a flat fee of $150,000 to resolve the dispute.
The case stems from a two-year fight over what Gensler knew about Ethereum. This development marks the end of the lawsuit, with the SEC agreeing to pay the specified amount in fees.
This is based on reporting from CoinDesk, which provides the latest update on the matter. The settlement brings closure to the longstanding issue, with the SEC moving forward by paying the agreed-upon fee.