U.S. Senator Cynthia Lummis has shown support by filing an amicus curiae brief in favor of Coinbase in its ongoing case against the SEC. Coinbase has also filed a Freedom of Information Act (FOIA) request to uncover the financial implications of the SEC's previous crypto enforcement actions. The request seeks information on the number of investigations and enforcement actions, costs incurred, personnel and contractors involved, and details about the now-suspended Crypto Assets and Cyber Unit within the SEC's Enforcement Division. This move highlights the industry's demand for transparency and fairness in regulatory practices, and the recent dismissal of crypto-related lawsuits by the SEC under the new chairman suggests a potential realignment of enforcement priorities. Market data shows a decline in Bitcoin's price amid these developments.



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