Coinbase Files Foia, search SEC CRIPTO CONSUMPTION

KOINBASE submitted the Law on Freedom of Information to discover American securities and consumption of implementation for the Commission to Crypt’s investigations and executive actions and executive shares in the former chair Gari Gensler.

The requestCovering 20. April 20. January 2025. years, seeks to illuminate costs associated with SEC regulatory actions against the crypto industry.

According to Paul Greval, the Coinbase General Legal Officer, the exchange is Search for transparency On the details of the investigation, hours of employees, pay and budget allocations. Graval stressed the need for responsibility, especially as SEC moves to a new leadership.

Coinbase pressure for government transparency

Graval emphasized the goals of Coinbase in a series of posts in KS, enters the financial burden of regulatory access to the SEC in taxpayers.

“We know that the decree made it made by the previous SEC to Americans innovation, global leadership and jobs, but how much it cost in dollars of taxpayers?” Graval wrote.

He added that the waite aims to determine how many investigations and executive activities, the number of employees and the contractors involved and total costs were created.

The special focus of the request for Foia is SEC’S CRIPTO assets and cyber unitDepartment within the execution sector.

Coins seeks information about the budget of the unit, number of employees and labor costs associated with investigations and enforcement related to crypto.

SEC is the justification of the budget under supervision

Coinbase request refers to the publicly available Congress Reports of the SEC, including the justification of the Congress Budget in the amount of 2025. Years and passed performance reports. The Exchange requests to follow the accompanying documents that describe the SEC expenses in detail on digital assets and executive investigations.

The request of FoI is especially requested for information on executive actions related to supply offers, market transactions, placing and lending.

Coinbase wants to assess whether the SEC execution tactics represent justified use of taxpayers’ means or rollover stifled by crypto innovation.

Fight for regulatory clarity

The mint was a vocal critic of the SEC on the cryptocurnancy regulation, often advocates for clear, industrial guidelines, not the supervision held by execution.

The request of FIA indicates another step in the wider company effort to cause what he sees as unfair regulatory practices.

“We will never stop fighting the government’s transparency on behalf of our customers and these industry,” Graval said, adding it ” Coin It is prepared for a long-lasting process to obtain the requested information.