"Virtual Asset 'Regulatory Gap' Acknowledged"…Coinbase Releases US Authorities' Documents
Summary
- Coinbase announced that it has released US authorities' virtual asset regulatory documents through the Freedom of Information Act campaign.
- The released documents reportedly include content where the US Securities and Exchange Commission acknowledged a cryptocurrency regulatory gap in 2019.
- The New York Attorney General requested a legal advisory on the security status of Ethereum from the SEC, but the SEC did not provide a clear stance.
US virtual asset exchange Coinbase has released documents related to virtual asset regulation by US authorities.
Paul Grewal, Coinbase's Chief Legal Officer (CLO), announced on X on the 8th, "Through the Freedom of Information Act (FOIA) campaign, we are releasing all documents received from various government regulatory agencies," and "(The released documents include) more than 10,000 pages of previously undisclosed documents."
The documents include content where the US Securities and Exchange Commission (SEC) internally acknowledged a 'cryptocurrency regulatory gap' in 2019. Documents were also released where the New York Attorney General (NYAG) requested the SEC to submit a legal advisory recognizing the security status of Ethereum (ETH) in relation to the KuCoin case in 2023. Grewal CLO stated, "The SEC chose to remain silent without clarifying (the security status of Ethereum)."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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