Coinbase Requests SEC to Disclose Crypto Enforcement Spending
Coinbase has filed a public records request demanding details on the U.S. Securities and Exchange Commission's spending on enforcement against crypto businesses.
Coinbase Requests SEC to Disclose Crypto Enforcement Spending
Coinbase has filed a public records request demanding details on the U.S. Securities and Exchange Commission’s spending on enforcement against crypto businesses.
Key Points:
- Coinbase seeks to understand the total costs attributed to crypto enforcement over the past four years.
- The SEC has undergone management changes that have affected its approach to crypto oversight.
“We’re asking the SEC to produce this information voluntarily and subject to their FOIA obligations,” said Coinbase Chief Legal Officer, Paul Grewal.
Translation: We urge the SEC to share this information openly rather than forcing Coinbase or others to seek it through legal channels.
Coinbase’s request highlights the need for transparency regarding the SEC’s past enforcement actions. The process of obtaining such records can often face delays and exceptions. Grewal emphasized that this request aims to shed light on the agency’s activities and expenditures in the crypto space.
“Let’s get the facts on the table,” Grewal concluded. Translation: It is crucial to assess the benefits and costs incurred during these actions as we consider future regulatory frameworks.
