Coinbase files FOIA to see how much the SEC’s ‘war on crypto’ cost
Coinbase chief legal officer Paul Grewal says the firm will “do what it takes for as long as it takes” to get the information from the securities regulator.
Crypto exchange Coinbase is seeking to discover how much the US Securities and Exchange Commission (SEC) spent on enforcement action against crypto firms.
Coinbase chief legal officer Paul Grewal said in a March 3 statement to X that the request under the Freedom of Information Act (FOIA) was submitted to the SEC to find out how many investigations and enforcement actions were brought against crypto firms between April 17, 2021, through Jan. 20, 2025.
The crypto exchange also seeks information on how many employees worked on the enforcement actions, how many third-party contractors were used, and how much it all cost.
