Translation of Title: Coinbase Legal Chief: SEC Completes Ethereum 2.0 Investigation, FOIA Lawsuit Appeal May Extend to 2025
Publication Time:2024-08-09 11:06:08
Translation of Body: Coinbase's Chief Legal Officer, Paul Grewal, disclosed on social media that the US Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) have submitted their responses in the Freedom of Information Act (FOIA) lawsuit. Grewal noted that during the investigation, the SEC improperly withheld documents related to Ethereum 2.0, while the FDIC held back warning letters advising banks to stop working with cryptocurrency companies. Both agencies have acknowledged that the requested files do indeed exist, but claim the right to withhold them based on government privilege. The SEC has also confirmed that its investigation into Ethereum 2.0 is now complete. Grewal expects that a summary judgment process will follow, with the final ruling potentially delayed until 2025. This situation underscores the transparency disputes between the cryptocurrency sector and regulatory entities, along with the legal actions taken by companies such as Coinbase in their efforts to obtain essential regulatory information.
SEC
Ethereum 2.0
Translation of Keywords: Cryptocurrency
FOIA Lawsuit
Government Privilege