Coinbase is calling for sanctions against the U.S. Securities and Exchange Commission (SEC) after it erased nearly a year of communications critical to their regulatory oversight, sparking concerns about the agency’s transparency and recordkeeping practices. The deletion of over 40 former Chair Gary Gensler’s texts during the FTX collapse raises questions about SEC integrity and compliance with federal regulations. Coinbase argues that these crucial communications should be preserved and readily available for public access as part of proper regulatory proceedings. They are pushing for court sanctions, emphasizing the importance of accountability in financial matters.