According to Eleanor Terrett, @BakerHostetler lawyer Teresa Goody stated that the Howey Test was never intended to regulate an entire industry or technology. Furthermore, @JohnReedStark highlighted the 'wholesale demolition' of crypto enforcement at the SEC, suggesting significant implications for cryptocurrency market regulation and oversight.

According to Crypto Rover, Coinbase has filed a Freedom of Information Act (FOIA) request to disclose the costs associated with the SEC's crypto enforcement actions under Chairman Gary Gensler. This move could provide traders with insights into the SEC's spending patterns and priorities, potentially affecting market perceptions and regulatory expectations.

According to Eleanor Terrett, Coinbase has filed a Freedom of Information Act (FOIA) request to determine the SEC's expenditures on non-fraud investigations and enforcement actions against the cryptocurrency industry during Gary Gensler's tenure as chairman. This move is significant for traders as it could reveal the regulatory focus and resource allocation on crypto-related activities, impacting market sentiment and compliance costs.