Coinbase, the US -based crypto currency exchange, requested a FOIA to learn about SEC’s expenditures for crypto cases. In the process between April 2021 and January 2025, the request includes the annual budget expenditures of the regulatory institution in crypto asset investigations and implementation activities.
Information Request for SEC expenditures
The document sent by Coinbase contains total expenditure information of SEC’s inspection and sanction activities in the crypto asset sector. The request also questions the details of the regulatory institution’s full -time personnel and the wage agreements of these personnel. In addition, the working hours and payment information of the third -party contractor firm employees are among the required data.
Other cases in the crypto world
Within the scope of the request, the annual budget of the Crypto Assets and Cyber unit and personnel fees are also reported. SEC’s examples of practice in some cases have affected other major cryptovarian platforms.
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Coinbase criticized that the current situation was not fair while making this request.
Coinbase: “Previous SEC attacked a legal sector for four years, and American taxpayers undertook this cost. How much did you pay? We aim to determine this. “
If the regulatory institution does not share information within the scope of FOIA, it is thought that unimportant data may lead to high costs. This request can be interpreted as an effort to increase the transparency of SEC’s applications for crypto sector.
In the light of current developments, SEC’s Ripple in the past 
$2.65Considering the cases for important platforms such as Gemini and Binance, it can be said that the information requested may have effects in the sector. Nevertheless, it is not clear what changes in the crypto asset market if the data is announced.
Coinbase’s request can be considered as a step that arouses curiosity in the sector in terms of examining the expenditures of the regulatory institution. If the data is shared, it is aimed to provide more detailed information to the sector stakeholders about the financial dimensions of the applications. This paves the way for discussions on the transparency of regulatory policies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
