Give Us the Receipts! Crypto Change Coinbase Makes Public-Information Request to Decide Complete Cash Spent by the SEC on Investigations into Crypto Instances in Current Years

Coinbase, the biggest US cryptocurrency change, demanded that it search the US SEC to tally all the cash the company spent on crypto enforcement issues up to now 4 years. 
Within the first weeks of President Trump’s second administration, the Division of Authorities Effectivity, or DOGE, headed by the staunch Trump supporter and tech-billionaire Elon Musk, has uncovered a plethora of presidency misspending. Taking inspiration from President Trump’s money-saving agenda, Coinbase, one of many largest crypto exchanges on the earth, has filed a request to the USA Securities and Change Fee (SEC) to submit the overall variety of American tax {dollars} spent on crypto enforcement actions over the previous 4 years. 
Coinbase Points Public Report Request A La Doge
The Division of Authorities Effectivity (DOGE), headed by tech wizard Elon Musk, has made a transparent impression on the crypto business. After damning reviews of presidency misspending got here to gentle because of Mr Musk’s dedication and grit to dismantle corruption within the US authorities, many others are actually additionally questioning whether or not misspending might have occurred in different branches of presidency.
Coinbase can now breathe a sigh of reduction after the SEC dropped its newest enforcement case in opposition to the change.
However no, says Coinbase: there is not any time to loosen up. The change needs the SEC to supply a report detailing each greenback and useful resource it has dedicated to imposing and investigating the broader crypto business lately.
The change has taken the step to obtain the data from the company by submitting a Freedom of Data Act (FOIA) request, aimed toward getting maintain of the SEC’s financials regarding enforcement actions in opposition to crypto corporations. 
Detailed Request
Coinbase’s request seeks clarification on the bills the SEC incurred from April 17, 2021, to January 20, 2025, linked to investigations into crypto actions. Coinbase’s request is complete and seeks to incorporate varied features surrounding the SEC’s actions, together with:

The variety of investigations launched in opposition to crypto corporations;
Variety of staff concerned within the enforcement actions;
Extra element on third-party contractors engaged in enforcements and investigations;
Complete and full monetary expenditures on these actions.
Paul Grewal took to the social media platform X (previously Twitter) to talk additional about these actions.

In a thread, Grewal posted:

We all know the earlier @SECgov’s regulation-by-enforcement strategy price Individuals innovation, international management, and jobs, however how a lot did it price in taxpayer {dollars}? As we speak @Coinbase submitted a FOIA request asking the SEC to clarify how a lot its struggle on crypto price taxpayers.…
— paulgrewal.eth (@iampaulgrewal) March 3, 2025
Including;

“What can we hope to search out out? What number of investigations and enforcement actions had been introduced – and the way a lot they price; what number of staff labored on these investigations/enforcement actions – and the way a lot they price; what number of third-party contractors had been utilized in these investigations/enforcement actions – and the way a lot they price.”

Including;

“We additionally need to know extra in regards to the earlier SEC’s notorious “Crypto Property and Cyber Unit” throughout the Enforcement Division – what was their funds, what number of staff labored on it, how a lot did these worker hours price?”

Concluding with the next assertion:

“We’ll by no means cease preventing for presidency transparency on behalf of our clients and this business. It might take time to get the complete image, however I believe we’ve proven that we'll do what it take for so long as it takes. You possibly can learn our FOIA request right here.” 

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