Crypto Trading Platform Coinbase Global Inc. The Freedom of Information Law (FOIA) has requested that it seeks to discover the revision of the American Securities and Stock Exchange Committee (SEC) for its enforcement procedures in the previous administration. Highlight By Paul Ghrouwal, the chief legal official on the stock exchange said that the demand will be comprehensive and will shed light on the cost of lawsuits for encryption.
Coinbase Foia requirements
As Paul Ghroul said in his position on X, he wants the trading platform to know the number of investigations and procedures that were presented and how much they cost. It also hopes to know the number of its employees in these cases and their cost.
In addition, the trading platform said it wanted an insightful look at the “encryption assets and electronic unit” now. Define inquiries include the budget of this unit, the employees who worked there and other major operating details.
This is not the first time that Coinbase has submitted FOIA request with American agencies. The trading company has once made a relevant request, as it revealed the activities of the Operation ConckPoint 2.0 within the FDIC.
Based on this record, Coinbase Clo said that the demands may take time but the exchange is committed to its patrol.
SEC enforcement now is an old issue
With the emergence of a new president of a second university, Mark Oida, the market organizer dropped many long -term encryption cases. Starting with her case with Coinbase, the organizer ended lawsuits with Uiswap, Conssysys, Robinhood and Opensea, among other things.
Related
Meanwhile, industrial leaders have become more optimistic about the future of encryption. Currently, asset management companies pay new products with SEC, including Litecoin, XRP and Solana ETF products.
