Coinbase CEO Raises Concerns Over SEC’s Continued Probe of Ethereum Despite Approval of ETFs

Coinbase’s Chief Legal Officer, Paul Grewal, has publicly expressed his concerns regarding the Securities and Exchange Commission (SEC)’s actions towards Ethereum. Documents obtained through a Freedom of Information Act (FOIA) request reveal that the SEC continued investigating Ethereum even after approving the first exchange-traded funds (ETFs) for the cryptocurrency in May 2023. Emails, dated April 17, 2024, show SEC Chair Gary Gensler called an impromptu meeting regarding Ethereum ETPs weeks before the official approval of ETFs.