Coinbase CLO presses SEC over withheld ETH2.0 docs, demands transparency on “ecosystem” test

Coinbase has called on the U.S. Securities and Exchange Commission to release documents related to its investigation into Ethereum 2.0, emphasizing inconsistencies in ETH’s classification.

In 2018, the SEC stated that ETH was not a security, but in 2023, under Chair Gary Gensler, an investigation into Ethereum 2.0 called this position into question.

Paul Grewal stressed that full disclosure is necessary to understand the SEC’s shifting stance and to avoid repeating past mistakes in regulatory practices.