PANews reported on April 16 that according to Cryptoslate, the U.S. Securities and Exchange Commission (SEC) has ended its multi-year review of Coinbase's financial disclosures and has not required the company to make any revisions or restatements. An SEC letter shared by Coinbase Chief Legal Officer Paul Grewal confirmed the news. In a social media post published on April 15, Grewal emphasized that the resolution was reached after more than two years of communication with the SEC's corporate finance department.
The March 17 letter, addressed to Coinbase Chief Financial Officer Alesia Haas, confirmed that the SEC had completed its review of the company's Form 10-K filings for fiscal years ending December 31, 2022 and 2023. The letter reminded Coinbase and its management that they are responsible for the accuracy and adequacy of the information they disclose. The regulator also emphasized that the completion of the review does not constitute an approval or endorsement of the document. The end of this review marks the official end of a lengthy review process that began shortly after Coinbase went public in April 2021.
