Woofun AI reports that the U.S. Securities and Exchange Commission reached a settlement with Coinbase on Wednesday, concluding a multi-year legal conflict regarding record requests from the Gary Gensler era. Under court filings, the SEC agreed to pay $150,000 in legal fees to History Associates and release two previously withheld documents. The agency will also review its record management procedures and retention methods for communications such as text messages. The dispute originated in 2024 when Coinbase, through History Associates, sued the SEC and FDIC for failing to comply with Freedom of Information Act requests related to potential efforts to sever crypto-banking ties. Coinbase Chief Legal Officer Paul Grewal described Gensler’s tenure as a 'litigation campaign' against the industry and noted that the settlement may enhance regulatory transparency by forcing agencies to rewrite disclosure practices.