The post SEC Clears Coinbase’s Financial Disclosures in Major Milestone appeared on BitcoinEthereumNews.com.

The United States Securities and Exchange Commission (SEC) has completed a comprehensive review of Coinbase’s financial disclosures. The regulator did not require the company to amend or restate the relevant documents. The review process began after Coinbase’s initial public offering (IPO) in April 2021. Its conclusion marks a significant milestone for the cryptocurrency exchange. Coinbase Gets Green Light from SEC After Financial Review Paul Grewal, Coinbase’s Chief Legal Officer, shared the news via a post on X (formerly Twitter) on April 15. “Today I’m happy to share that we’ve fully resolved – without restatements or amendments – a number of comments related to our disclosures that SEC sent us a little over two years after we were allowed to go public,” he posted. Grewal’s post was accompanied by a formal letter from the SEC’s Division of Corporation Finance. The letter detailed that the regulator has completed its review of the company’s financial filings (Form 10-K) for the fiscal years ending December 31, 2022, and December 31, 2023. SEC’s Letter to Coinbase. Source: X/Paul Grewal For context, Form 10-K is an annual report that publicly traded companies must file with the SEC. It offers a detailed summary of the company’s business operations and financial status, including audited financial statements, serving as an important resource for investors, analysts, and regulators. In the letter, the SEC also reminded Coinbase of its responsibility to ensure the accuracy and adequacy of its disclosures. Meanwhile, this conclusion signals strong confidence in Coinbase’s financial practices, a development likely to bolster institutional trust in the platform. It is worth noting that this milestone follows another regulatory win for Coinbase earlier in 2025. On February 27, the SEC announced the dismissal of a securities violation lawsuit against Coinbase Inc. and Coinbase Global Inc. This reflected a broader shift in…

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Filed under: News - @ April 16, 2025 2:26 pm