Coinbase Secures SEC Documents on Ethereum 2.0 Investigation

Coinbase has obtained internal documents from the U.S. Securities and Exchange Commission (SEC) regarding its investigation into Ethereum 2.0. Following a Freedom of Information Act lawsuit, Coinbase revealed that the SEC disclosed a list of withheld documents. This includes an analysis of ETH 2.0 conducted in May 2022 under the Howey test, an email questioning Ethereum’s classification as a security in February 2023, and a memorandum prepared for commissioners before initiating the Ethereum 2.0 investigation in April 2023. The list also includes the case closing narrative for the investigation.