BlockBeats News, May 8, Coinbase Chief Legal Officer Paul Grewal announced that the company has released over 10,000 pages of FOIA documents related to interactions with government regulatory agencies. Key disclosures include: the SEC acknowledging the existence of a "cryptocurrency regulatory gap" in 2019; the New York Attorney General's Office requesting the SEC to clarify its stance on Ether's security status in 2023 but being denied; and other documents showing the SEC's insufficient technical capabilities to open Coinbase's submitted video response.
This move aims to promote government regulatory transparency, involving the interests of 52 million U.S. cryptocurrency holders.
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