Coinbase’s FOIA Reveals SEC Crypto Conflicts, Impacting Ethereum Classification and Regulation

Coinbase has unveiled internal conflicts within the SEC regarding crypto regulations through Freedom of Information Act (FOIA) findings. This revelation sheds light on regulatory inconsistencies impacting Ethereum’s status. The company uncovered SEC documents highlighting disagreements over crypto regulation, particularly concerning Ethereum’s classification as a security.       New York State Attorney General’s request for the SEC to classify Ethereum’s ether as a security further fueled this debate. Coinbase Chief Legal Officer Paul Grewal played a pivotal role in raising awareness of these inconsistencies and highlighting their implications for crypto markets.