- SEC approved Coinbase after comprehensive review
- Coinbase is compliant with regulations and reporting
- This builds trust and empowers the platform and products
SEC approved Coinbase after comprehensive review for regulatory compliance, states Coinbase’s Chief Legal Officer, Paul Grewal. This significantly strengthens the platform’s position and enhances its ability to promote itself and launch its products.
More on Coinbase’s Progress and the SEC Decision
As a reminder, Coinbase had come targeted by the SEC, but recently CEO Brian Armstrong marked a legal victory in the case.
However, Coinbase’s operations review was on, and the SEC continued to evaluate several aspects of the company’s activity for compliance with regulatory requirements and financial reporting standards.
Now, a promising statement has been issued by Coinbase’s Chief Legal Officer, Paul Grewal, in which he states:
“Today I’m happy to share that we’ve fully resolved – without restatements or amendments – a number of comments related to our disclosures that SEC sent us a little over two years we were allowed to go public. As always, we remain focused on bringing the next billion onchain and building world-class products.”
This is inspiring news, which should indicate to us that Coinbase is in full compliance with all relevant regulatory frameworks and authorized to continue offering its current products — as well as to move forward with new launches, reinforcing trust in the platform from both users and investors.
Conclusion
This is an optimistic development for Coinbase users, as the company is a critical infrastructure player for the entire DeFi ecosystem. Beyond being a crypto exchange, Coinbase also operates its blockchain — Base — which serves as the foundation for an entire class of decentralized solutions. That’s why Coinbase’s continued regulatory and operational stability is vital for the broader Web3 space, and this announcement clearly adds momentum to that.
That said, Coinbase is not the only advanced platform in the market. If full compliance with regulators in strict jurisdictions such as the U.S., Canada, and Europe is especially important to you — be sure to check out the detailed review of WEEX.
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