The SEC has concluded a multi-year review of Coinbase's financial disclosures and has not asked the company to amend or restate its claims

The Securities Exchange Commission (SEC) has concluded its years-long review of Coinbase's financial disclosures without requiring the company to make any revisions or restatements. This was confirmed in an SEC letter shared by Coinbase's Chief Legal Officer, Paul Grewal. In posts from social media posted on April 15, Grewal emphasized that the decision was reached after more than two years of communication with the SEC's corporate finance department.
The March 17 letter, addressed to Coinbase CFO Alesia Haas, confirms that the SEC has completed its review of the company's Form 10-K filings for the fiscal years ending December 31, 2022 and 2023. The letter reminds Coinbase and its management that they are responsible for the accuracy and adequacy of their disclosures. The regulator also emphasizes that the completion of the review does not amount to an endorsement or endorsement of the filings. The conclusion of the review marks the formal end of a lengthy comment process that began shortly after Coinbase went public in April 2021.