XRP Community Rejoices as SEC Document Destruction Allegations Spark Controversy

Coinbase’s Chief Legal Officer, Paul Grewal, has brought attention to a high-stakes legal dispute involving the US Securities and Exchange Commission (SEC) and accusations of document destruction. According to reports, the SEC allegedly destroyed crucial records pertaining to crypto regulation, specifically text messages dating back to October 2022 through September 2023. The findings stem from an investigation conducted by the SEC’s Office of Inspector General, whose report indicates a pattern of record-destruction behavior and potential violations of transparency regulations.