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Coinbase CLO: Has obtained multiple undisclosed documents regarding Gensler-era investigations into ETH 2.0, plans to further pursue the matter

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Odaily
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Apr 20, 2025

Odaily Planet Daily reports that Coinbase Chief Legal Officer Paul Grewal posted on the X platform: "Through a Freedom of Information Act (FOIA) lawsuit, we have obtained more details from the U.S. Securities and Exchange Commission (SEC) regarding the Gensler-era investigation into Ethereum 2.0 (ETH2.0). The following documents were found in their Vaugh index of unreleased materials, and we intend to investigate further:


  • A May 2022 PDF titled 'Analysis of Ethereum 2.0 under the Howey Test,' prepared by SEC staff.

  • An email from February 2023 titled 'Response Regarding Whether Ethereum is a Security.'

  • An April 2023 PDF titled '2 - Ethereum 2.0,' which may be the memorandum received by commissioners before voting to authorize the investigation into Ethereum 2.0.

  • An August 2023 email titled 'Timing for Discussions on Ethereum.'

  • Two emails from February 2024 titled 'FW Spot Ethereum—Security or Non-Security' and 'Ethereum—Security or Non-Security,' respectively.

  • Emails from February and April 2024 and their attachments discussing 'Possible Approaches to Specific Legal Issues Related to Ethereum.'

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