Coinbase Seeks SEC Crypto Lawsuit Costs

Coinbase Files FOIA Request to Uncover SEC’s Crypto Lawsuit Spending

• Coinbase filed a Freedom of Information Act (FOIA) request against the SEC.
• The request seeks data on SEC spending from April 2021 to January 2025.
• Information sought includes annual expenditures for digital asset investigations and enforcement actions.
• Details on SEC full-time staff, their compensation, and third-party contractors are requested.
• The Crypto Assets and Cyber Unit’s budget and staff compensation are of particular interest.

Coinbase’s FOIA request aims to reveal the financial impact of the SEC’s enforcement actions against major crypto entities, including Coinbase itself, Ripple Labs, Gemini, and Binance.