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Coinbase is seeking court approval to access Gar Gensler’s personal emails. If granted, it could have significant implications.

Here’s what we got for you today:

•  📩 Coinbase wants Gary Gensler’s personal emails

• 🤔 Mt. Gox has confirmed that some creditors have been paid

• 🧱 Around The Block: IRS unveils new crypto tax rules: what does this mean for you?

 📩 Coinbase wants Gary Gensler’s Personal Emails!

Coinbase is still locked in a legal tussle with the SEC, and things are heating up!

They’ve requested that Gensler’s personal emails be searched from 2017 to now so they can find out what he was saying about the regulatory status of digital assets and what other market participants were saying to him.

The SEC, however, claims this request violates Gensler's privacy and that any subpoenas should focus on the institution, not Gensler personally.

But Coinbase is standing their ground!

They insist that Gensler's communications are key to understanding the SEC's stance on digital asset regulation.

To further support their argument, they brought up the Ripple case, in which the Court confirmed that an agency personnel's internal communications could be essential for understanding their position, even if not publicly disclosed.

Oh, this is getting interesting! We can’t wait to hear the court’s decision on these arguments.

Check out the full story for all the exciting details!

🤔 Mt. Gox has confirmed that some creditors have been paid

Yesterday, we shared a few ideas as to why the price of Bitcoin dropped so much, and it seems we were onto something.

The administrators of the defunct Mt. Gox have confirmed that some of the creditors have been paid according to the Recovery Plan.

The remaining creditors will be paid once the following conditions are met:

• The validity of registered accounts is confirmed.

• Designated Cryptocurrency Exchanges agree to sign an Agency Agreement for receipts.

• The Trustee and the Designated Cryptocurrency Exchanges have finished discussions about redemption.

• It is confirmed that redemption can be done reliably and safely.

This is great news for creditors whose bitcoin has been held for 10 years. For the rest of us, it is a signal that the bleeding might continue for a while.

🧱 Around The Block:

• Kidnappers Demand $600K in Crypto.

• IRS unveils new crypto tax rules: What does this mean for you?

• Bitcoin wobbles at $57K as liquidations reach $295M.

• Could Bitcoin Dethrone USD?

• UFC Star launches Meme Coin, which falls to zero in minutes amid insider trading claims.

• Wanchain launches first-ever bridge connecting Polkadot and Cardano.

• El Salvador continues daily Bitcoin acquisition amid the market downturn.

That's all we've got for you today.

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In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be NEW”