According to ChainCatcher and Cryptoslate, the U.S. Securities and Exchange Commission (SEC) has completed a long-term review of Coinbase's financial disclosures and ultimately did not require the company to modify or restate its related documents.
Coinbase's Chief Legal Officer Paul Grewal stated that the review covered the 10-K documents for the 2022 and 2023 fiscal years, lasted over two years, and has fully resolved related comments with the SEC's Corporate Finance Division. The SEC reminded in its letter that the company and management remain responsible for the accuracy and adequacy of the disclosures, and the completion of the review does not represent official endorsement. The process began shortly after Coinbase's listing in April 2021, accompanying the continuous evolution of compliance standards for crypto companies. Additionally, since the Trump administration, the U.S. regulatory attitude has become more lenient, with the SEC withdrawing lawsuits against multiple crypto companies and working to establish new industry regulatory frameworks.
