PANews reported on April 16 that according to Cryptoslate, the U.S. Securities and Exchange Commission (SEC) has concluded its multi-year review of Coinbase's financial disclosures without requiring any revisions or restatements. A SEC letter shared by Coinbase's Chief Legal Officer Paul Grewal confirmed this news. In a social media post on April 15, Grewal emphasized that this resolution was reached after more than two years of communication with the SEC's Corporate Finance Division.
The letter dated March 17, addressed to Coinbase's Chief Financial Officer Alesia Haas, confirmed that the SEC has completed its review of the company's 10-K filings for the fiscal years ending December 31, 2022, and 2023. The letter reminded Coinbase and its management of their responsibility for the accuracy and adequacy of their disclosures. The regulatory body also emphasized that the completion of the review does not constitute an endorsement or approval of the documents. The end of this review marks the conclusion of a lengthy comment process that began shortly after Coinbase's initial public offering in April 2021.
