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Coinbase Takes on SEC: Demands Full Breakdown of Crypto Crackdown Costs

  • Coinbase has filed a FOIA request demanding transparency on the SEC’s expenditures in its enforcement actions against crypto.
  • The move challenges the regulatory approach under former SEC Chair Gary Gensler.
  • Coinbase wants to quantify the impact of the SEC's 'regulation-by-enforcement' approach on taxpayers.
  • The FOIA request seeks details on the SEC's spending, number of employees involved, and third-party contractors' budget.

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