<p>Odaily News Coinbase has filed a Freedom of Information Act (FOIA) request to investigate the SEC’s spending in enforcement actions against the crypto industry.<br/> Coinbase Chief Legal Officer Paul Grewal said in a March 3 announcement that the request covers the SEC’s investigations and enforcement actions against crypto companies between April 17, 2021 and January 20, 2025, including the number of employees involved, the use of external contractors, and overall costs.<br/> Grewal pointed out that the SEC’s previous “regulation through enforcement” strategy has harmed America’s innovation, global leadership, and employment, and Coinbase hopes to further understand the budget and cost of the SEC’s Crypto Assets and Network Division.<br/> During the tenure of former SEC Chairman Gary Gensler, the SEC took a tough regulatory stance on the crypto industry and initiated more than 100 enforcement actions. Gensler resigned on January 20, and the SEC has recently withdrawn several lawsuits against crypto companies, including the lawsuit against Coinbase on February 27, the lawsuit against Kraken on March 3, and the previous lawsuits against Yuga Labs and Gemini. (Cointelegraph)<br/></p>