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Coinbase Files FOIA To Discover Cost Of SEC’s War On Crypto: Details

  • Coinbase filed a FOIA request to seek information on SEC's spending on enforcement actions against crypto firms during the Biden Administration.
  • Coinbase is requesting information on the cost of crypto-related investigations and enforcement actions, the number of employees involved, and details about the previous SEC's 'Crypto Assets and Cyber Unit'.
  • The SEC's special crypto enforcement unit has reportedly undergone changes, with members being reassigned to other SEC departments.
  • The SEC has taken steps to be more welcoming to the industry and has dismissed several crypto litigations, closed investigations, and dropped the lawsuit against Coinbase.

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