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.








