The US Securities and Exchange Commission (SEC) is reported to have settled a Freedom of Information Act (FOIA) lawsuit filed by Coinbase concerning allegedly lost or missing messages, according to multiple outlets citing a Wall Street Journal op-ed. The dispute centers on Coinbase’s request for records and the SEC’s handling of relevant communications, with the settlement indicating the agency and Coinbase have reached an agreement without a public ruling on the merits as described in the coverage. The reports characterize the matter as involving document retention and search practices tied to FOIA obligations, particularly where messaging systems or related communications are concerned. While details of the settlement terms are not fully specified in the provided excerpts, the coverage consistently frames the resolution as an out-of-court settlement following litigation. The reporting also notes that the issue has drawn public attention through commentary in the financial press, highlighting broader questions about how regulators preserve and retrieve records when responding to FOIA requests. The settlements’ specific requirements and any disclosures about the completeness of the agency’s search are not detailed in the supplied text.