Coinbase News: Exchange Files FOIA Request Against SEC Seeking Details on ’War on Crypto’ Spending

In a significant move, Coinbase, one of the largest cryptocurrency exchanges in the United States, has taken a proactive stance against the Securities and Exchange Commission (SEC) by filing a Freedom of Information Act (FOIA) request. The request aims to uncover financial details regarding the SEC’s so-called ’war against crypto’.

Coinbase Seeks FOIA Against SEC, Requests Accounting Information About ‘War on Crypto’

Coinbase, a major cryptocurrency exchange based in the U.S., has filed a Freedom of Information Act (FOIA) request against the SEC seeking financial information about the administration’s ’war against crypto’. The FOIA request covers April 2021 to January 2025 and pertains to documents detailing SEC spending on digital asset investigations and enforcement activities. Specifically, Coinbase is seeking the number of investigations against crypto, the total costs incurred, and all personnel, employees, or contractors and their expenditures. Coinbase has contracted History Associated Inc. to conduct the FOIA on their behalf.

Bitwise Files S-1 Form to Launch Aptos ETF in the US

Bitwise has filed an S-1 application form with the US Securities and Exchange Commission (SEC) on Mar. 5 to launch an Aptos (APT) exchange-traded fund (ETF). The news caused APT to surge 7% in one hour, increasing from $6.06 to $6.50. According to the ETF’s prospectus, its net asset value (NAV) will be determined using the CF Aptos-Dollar Settlement Price, a pricing benchmark aggregating trading data from major Aptos trading platforms. Coinbase will act as the ETF custodian. Additionally, the fund will be cash-settled, and the shares will be created and redeemed in blocks of 10,000 shares.