Coinbase requests SEC costs for enforcement against crypto firms, signaling shift in regulatory approach

From Cointelegraph

March 3, 2025 7:54:45 pm:

Crypto exchange Coinbase has requested information from the SEC on how much was spent on enforcement action against crypto firms from April 17, 2021, through Jan. 20, 2025. The exchange wants details on investigations, employees involved, third-party contractors, and total costs.

Former SEC Chair Gary Gensler, known for his strict crypto regulation, resigned on Jan. 20, 2025. Under his leadership, the SEC took aggressive regulatory actions against over 100 firms. After his departure, the SEC dropped lawsuits against several crypto entities, including Coinbase and Kraken.

The SEC has dismissed lawsuits against Coinbase, Kraken, Yuga Labs, Gemini, Uniswap Labs, and Robinhood Crypto. These dismissals come after Gensler’s resignation, signaling a shift in the SEC’s approach to crypto enforcement. Coinbase aims to uncover the financial impact of the SEC’s past regulation-by-enforcement strategy.

Read more at Cointelegraph: Coinbase files FOIA to see how much the SEC’s ‘war on crypto’ cost