Coinbase CLO Reveals New Insights into Ethereum 2.0 Investigation by SEC

Paul Grewal, Chief Legal Officer of Coinbase Global Inc., shed light on the ongoing Freedom of Information Act (FOIA) case between Coinbase and the U.S. Securities and Exchange Commission (SEC) concerning Ethereum 2.0. During a recent X post, Grewal disclosed that Coinbase secured additional information from the SEC following an FOIA lawsuit. This includes documents related to the SEC’s evaluation of Ethereum 2.0 under the Howey test for securities.