Coinbase has officially requested the U.S. Securities and Exchange Commission (SEC) to disclose its spending related to regulatory actions in the cryptocurrency sector. The request, made under the Freedom of Information Act, seeks to uncover the number of investigations conducted by the SEC, the penalties imposed, and the total budget utilized in these operations. This request covers investigations from April 17, 2021, to January 20, 2025. The SEC has not commented on this matter.
SEC’s Cryptocurrency Investigations and Expenses
Coinbase’s request questions the transparency of SEC’s activities concerning the cryptocurrency market. The company aims to learn how many of the investigations were directly conducted by SEC employees, how many were outsourced to third-party contractors, and the total expenditure involved in these processes.
Since establishing its Crypto Assets and Cyber Unit in 2017, the SEC has actively conducted investigations against illegal and unregistered cryptocurrency offerings. However, as of February 20, this unit has been r… creator solana token
