Coinbase CLO: SEC, FDIC Confirm Closure of Ethereum 2.0 Investigation
CryptoNewsTerminal Staff08 Aug, 2024
Coinbase CLO: SEC, FDIC Confirm Closure of Ethereum 2.0 Investigation
Coinbase's Chief Legal Officer Paul Grewal announced on Twitter that the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) have reaffirmed in court filings that their investigation into Ethereum 2.0 is closed. The agencies made this statement in response to a lawsuit filed by Coinbase over alleged violations of the Freedom of Information Act (FOIA). Grewal noted that a ruling on the lawsuit is not expected until next year. This confirmation provides clarity on the regulatory status of Ethereum 2.0, which has been a topic of speculation and uncertainty in the cryptocurrency community. The closure of the investigation signifies that the SEC and FDIC do not currently have any ongoing inquiries into the platform.
