Coinbase secures more SEC documents on Ethereum 2.0 investigation

Coinbase obtained internal documents from the American Securities and Exchange commission concerning the agency survey on Ethereum 2.0, following a trial of the Freedom of Information Act.

Paul Grewal, legal director of Coinbase, announcement On X that the SEC revealed a list of documents selected.

These documents include an internal analysis of May 2022 by ETH 2.0 under the Howey test, a February 2023 e-mail questioning Ethereum’s (Ethn) Classification as security, and a memorandum of April 2023 prepared for the commissioners before Authorization of the ETH 2.0 survey. The case closing account for the survey is also listed.

The dry initially denied Coinbase Foia requests, citing exemption 7 (A), which concerns the current application procedure.

However, after the Ethereum 2.0 survey closed at no cost, the SEC recognized that the “can” exemption no longer applies. Despite this, the agency proposed a three -year calendar to examine more than 132,000 documents for other potential exemptions.

Grewal criticized the incoherent treatment of the dry of cryptographic assets, wondering why Ethereum passed the agency’s internal “ecosystem” test while others have not done so. He underlined the need for transparency to prevent the repetition of regulatory missteps.

Coinbase vs dry

This legal action is part of Coinbase wider effort To challenge what he perceives as a regulatory overcoming and a lack of clarity in the cryptographic industry.

The exchange has also filed prosecution Against the SEC and the Federal Deposit Insurance Corporation, the requests of the law on freedom of information refused requests for the law on investigations and previous actions in the cryptography sector.