FOIA
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đ¨ Coinbase Scores Another Win Against the SEC!
đ The US Court has slammed the SEC for delay tactics in Coinbaseâs FOIA case, ordering the regulator to comply with deadlines.
âď¸ This marks another battle won in the ongoing crypto vs. regulators war.
đ Will this set a precedent for more transparency in crypto regulations?
#Coinbase #SEC #CryptoRegulation #FOIA #CryptoNews
đ The US Court has slammed the SEC for delay tactics in Coinbaseâs FOIA case, ordering the regulator to comply with deadlines.
âď¸ This marks another battle won in the ongoing crypto vs. regulators war.
đ Will this set a precedent for more transparency in crypto regulations?
#Coinbase #SEC #CryptoRegulation #FOIA #CryptoNews
đ Coinbase CLO Slams FDIC for Delay Tactics in FOIA Lawsuit
đ Paul Grewal, CLO at Coinbase, has raised concerns over the FDICâs continued delays in complying with a court order related to a Freedom of Information Act (FOIA) lawsuit.
âď¸ The regulator has requested yet another extension, prompting questions around transparency and accountability in how federal agencies are treating crypto firms.
đ˘ As calls for regulatory clarity grow louder, this case could play a key role in shaping the future of crypto-banking access in the U.S.
#Coinbase #FDIC #FOIA #Web3 #Crypto
đ Paul Grewal, CLO at Coinbase, has raised concerns over the FDICâs continued delays in complying with a court order related to a Freedom of Information Act (FOIA) lawsuit.
âď¸ The regulator has requested yet another extension, prompting questions around transparency and accountability in how federal agencies are treating crypto firms.
đ˘ As calls for regulatory clarity grow louder, this case could play a key role in shaping the future of crypto-banking access in the U.S.
#Coinbase #FDIC #FOIA #Web3 #Crypto
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Coinbase files FOIA to see how much the SEC's 'war on cryptocurrency' has cost
Coinbase's legal director, Paul Grewal, stated that the company will "do everything possible for the longest time" to obtain information from the securities regulator.
The cryptocurrency exchange Coinbase is seeking to understand how much the U.S. Securities and Exchange Commission (SEC) has spent on enforcement actions against cryptocurrency companies. Â
In a statement sent to X on March 3, Coinbase's legal director, Paul Grewal, said that a request under the Freedom of Information Act (FOIA) has been submitted to the SEC to find out how many investigations and enforcement actions have been carried out against cryptocurrency companies from April 17, 2021, to January 20, 2025.
The cryptocurrency exchange is also seeking information about the number of employees involved in enforcement actions, the number of third-party contractors used, and what the total costs are.
Grewal stated: âWe know that the SEC's previous regulatory enforcement approach has caused Americans to lose innovation, global leadership, and jobs, but how much taxpayer money has been wasted?â
âWe also want to know more about the notorious Cryptocurrency and Cybersecurity Unit of the SEC in the Enforcement Division â what is their budget, how many staff work for this unit, and what is the cost per hour of employee work?â #SEC #FOIA
Coinbase's legal director, Paul Grewal, stated that the company will "do everything possible for the longest time" to obtain information from the securities regulator.
The cryptocurrency exchange Coinbase is seeking to understand how much the U.S. Securities and Exchange Commission (SEC) has spent on enforcement actions against cryptocurrency companies. Â
In a statement sent to X on March 3, Coinbase's legal director, Paul Grewal, said that a request under the Freedom of Information Act (FOIA) has been submitted to the SEC to find out how many investigations and enforcement actions have been carried out against cryptocurrency companies from April 17, 2021, to January 20, 2025.
The cryptocurrency exchange is also seeking information about the number of employees involved in enforcement actions, the number of third-party contractors used, and what the total costs are.
Grewal stated: âWe know that the SEC's previous regulatory enforcement approach has caused Americans to lose innovation, global leadership, and jobs, but how much taxpayer money has been wasted?â
âWe also want to know more about the notorious Cryptocurrency and Cybersecurity Unit of the SEC in the Enforcement Division â what is their budget, how many staff work for this unit, and what is the cost per hour of employee work?â #SEC #FOIA
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