MPC

SEC
2026-07-23 15:39:34

SEC Agrees to $150,000 Settlement in FOIA Lawsuit Over Ethereum Probe Records

The U.S. Securities and Exchange Commission has agreed to pay $150,000 to settle a Freedom of Information Act lawsuit tied to records from its Ethereum-related regulatory investigation. In a joint status report filed on July 22, the SEC and plaintiff History Associates Inc. said they had reached a settlement and asked the U.S. District Court for the District of Columbia to dismiss the case. Under the agreement, the agency will continue producing the remaining responsive documents and pay a fixed amount to cover the plaintiff’s legal fees. The lawsuit was filed in June 2024 by History Associates on behalf of Coinbase and sought records linked to the SEC’s review of Ethereum, including files related to Zachary Coburn, Enigma MPC, and internal discussions about Ethereum’s shift from proof-of-work to proof-of-stake. The case had already led to the release of thousands of records and brought renewed attention to deleted text messages and wiped mobile data involving former SEC Chair Gary Gensler and other senior officials.

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SEC Agrees to $150,000 Settlement in FOIA Lawsuit Over Ethereum Probe Records
Coinbase
2026-07-23 12:31:37

Coinbase maps out post-quantum upgrade, targets PQ-CoreKMS launch within a year

Coinbase has laid out a three-part plan to prepare for the risks posed by quantum computing, according to a post by Chief Information Security Officer Jeff Lunglhofer on July 23. The company said it has started building PQ-CoreKMS, a post-quantum version of its in-house key management system CoreKMS, with delivery targeted within one year. The system is designed to combine secure enclaves, secret sharing and threshold cryptography in an automated signing pipeline that can support any post-quantum signature algorithm once blockchains adopt such standards. Coinbase is also inventorying its broader cryptographic infrastructure, ranking systems by criticality, exposure and migration difficulty, while defining quantum-computing milestones that would trigger actual migration. Base is included in that plan and will follow Ethereum layer-1’s post-quantum roadmap while adding measures specific to Base. Separately, Coinbase said it will co-host its first Bitcoin developer workshop with Stanford University in August to discuss migration options, and as a founding member of the Bitcoin Security Alliance, it will donate to a fund supporting quantum-safety work for Bitcoin developers and contribute engineering resources to proposals including BIP-360.

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Coinbase maps out post-quantum upgrade, targets PQ-CoreKMS launch within a year