Crypto Exchange Coinbase is trying to discover how the American Securities and Exchange (SEC) commission has spent application measures against cryptographic companies.
The chief legal director of Coinbase, Paul Grewal, declared in a declaration of March 3 to X that the request under the Freedom of Information Act (FoIA) had been submitted to the dry to find out how many surveys and measures to apply the law were brought against cryptographic companies between April 17, 2021 until January 20, 2025.
The Crypto Exchange is also looking for information on the number of employees working on application measures, the number of third -party entrepreneurs used and how much it costs everything.
Source: Paul grew up
“We know that the regulatory approach to the SEC cost the innovation of Americans, world leaders and jobs, but how much did it cost taxpayers in dollars? “Grewal said.
“We also want to know more about the infamous cryptographic active ingredients of the SEC and cyber -unit in the application division – what was their budget, how many employees have worked there, how much did these hours of employee cost?”
Cryptographic assets of the SEC and the Cyber Unit, trained in 2017, have introduced measures loaded against offers and platforms of active assets and fraudulent cryptography platforms. The unit was replaced by the unit of cyber and emerging technologies (CETU) on February 20.
Grewal says that although he can take time to “get the full image”, the Crypto exchange will be happy “will do what it takes as long as it will be” to obtain the requested information.
Coinbase wants to know how many employees have worked on the measures to apply the dry against crypto exchanges and how much it costs taxpayers. Source: Foia services office
A SEC spokesperson refused to comment.
The former president of the SEC, Gary Gensler, known for his hard position on the regulation of cryptography, resigned on January 20, 2025.
While peopleler was at the head of the regulator, from 2021, the SEC adopted an aggressive regulatory position towards the crypto, bearing more than 100 regulatory actions against companies.
In relation: Dry abandons an investigation into NFT Marketplace OpenSea
Gensler left on the same day that Donald Trump, friendly, friendly began his second term as American president. Trump had promised to dismiss people if he was elected.
After the release of peopleler, the SEC opposed a band of prosecution against cryptographic companies.
Coinbase was continued by the SEC in June 2023, alleging that the exchange has never been recorded as a broker, National Securities Exchange or compensation agency.
The action was abandoned on February 27, when the SEC agreed to voluntarily reject all the disputes linked to Coinbase and Coinbase Global with prejudices, ending the case permanently.
The SEC abandoned its trial against Crypto Exchange Kraken on March 3, which followed a series of other layoffs, which would have included the conglomerate of non -bubble tokens (NFT) Yuga Labs on the same day and Crypto Exchange Gemini on February 26.
He also recently put an end to his investigation into the Laboratoires Uniswap, the developer behind the Robinhood Crypto of decentralized exchange and online brokerage, which received a Wells opinion on May 4.
Review: Elon Musk’s plan to manage the government on the blockchain faces a climbing battle
