Coinbase is investigating the SEC's spending on investigations and enforcement actions against the crypto industry during Gary Gensler's tenure

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, Coinbase is trying to determine the specific amount of spending by the U.S. Securities and Exchange Commission (SEC) on non-fraud investigations and enforcement actions against the crypto industry under former chairman Gary Gensler.

Coinbase submitted a Freedom of Information Act (FOIA) request this morning for all investigation and litigation information related to the issuance and sale of digital assets, secondary market trading, staking, and lending from April 17, 2021, to January 20, 2025. The request also includes the number and names of investigations and enforcement actions during this period, as well as the work hours and compensation information of SEC employees and contractors, and requests the disclosure of budget and compensation details for the SEC's crypto assets and cyber division.

Coinbase Chief Legal Officer Paul Grewal stated that this move is aimed at providing transparency to American taxpayers, and he hopes the new SEC leadership can continue to turn a new page in accountability. As of the time of publication, the SEC has not responded to the request for comment.