The SEC completes its two-year review of Coinbase without the need for modifications or restatements
ChainCatcher news, according to Cryptoslate, the U.S. Securities and Exchange Commission (SEC) has completed its long-term review of Coinbase's financial disclosures and ultimately did not require the company to amend or restate the relevant documents.Coinbase's Chief Legal Officer Paul Grewal stated that this review covered the 10-K filings for the fiscal years 2022 and 2023, lasting over two years, and that all relevant comments have been fully addressed with the SEC's Division of Corporation Finance. The SEC reminded in its letter that the company and its management remain responsible for the accuracy and completeness of the disclosures, and the completion of the review does not represent an official endorsement. This process began shortly after Coinbase went public in April 2021, amid the ongoing evolution of compliance standards for crypto companies. Additionally, since the Trump administration took office, the regulatory stance in the U.S. has become more lenient, with the SEC withdrawing lawsuits against several crypto companies and working on a new regulatory framework for the industry.
