The SEC has completed its two-year review of Coinbase, with no need for modifications or restatements.

Odaily Planet Daily reported that the U.S. Securities and Exchange Commission (SEC) has completed its long-term review of Coinbase's financial disclosures and ultimately did not require the company to amend or restate the related documents. Coinbase's Chief Legal Officer Paul Grewal stated that this review encompassed the 10-K filings for the fiscal years 2022 and 2023, taking more than two years, and that all related comments have been fully resolved with the SEC's Division of Corporation Finance. The SEC noted in its letter that the company and its management remain responsible for the accuracy and completeness of the disclosures, and the completion of the review does not represent an official endorsement. This process began shortly after Coinbase went public in April 2021, amid the ongoing evolution of compliance standards for cryptocurrency companies. Furthermore, since the Trump administration took office, the regulatory attitude in the U.S. has become more lenient, with the SEC retracting lawsuits against several cryptocurrency companies and moving towards establishing a new regulatory framework for the industry. (cryptoslate)