YEREVAN (CoinChapter.com) — The U.S. Securities and Exchange Commission (SEC) finished its review of Coinbase’s financial filings. The regulator confirmed on April 15, 2025, that no amendments or restatements are needed. Coinbase received a formal letter from the SEC’s Division of Corporation Finance.

The review focused on the company’s Form 10-K filings for 2022 and 2023. These reports include audited financial statements and risk disclosures. Public companies must file them every year. The SEC uses them to check if firms follow financial reporting rules.

Coinbase’s Chief Legal Officer Paul Grewal shared the update on X. He posted,

“We’ve fully resolved – without restatements or amendments – a number of comments related to our disclosures.”

Coinbase SEC Letter Disclosure Review Ends. Source: Paul Grewal on X

The SEC sent those comments more than two years after Coinbase’s April 2021 IPO.

Coinbase Gets SEC Letter After Two-Year Process

The SEC’s review did not request any changes or corrections. The agency ended the process without issuing further comments. This means Coinbase’s filings met the SEC’s expectations based on the data reviewed.

The regulator’s letter also stated that it does not confirm or deny the company’s views. It only said that it had no further comments. The letter closed the matter for now.

Coinbase stock (COIN) has declined 29.2% since the beginning of 2025. The first quarter of 2025 marked its worst quarterly performance since Q4 2022. That period followed the collapse of FTX.

As of April 15, COIN had dropped 0.57% by market close. In pre-market trading, it fell another 1.61%, based on TradingView data. The stock’s poor performance reflects broader market struggles. Economic conditions, including rising tariffs, have contributed to these declines.

COIN Daily Chart Shows 1.74 Percent Drop Below 50 EMA. Source: TradingView

The SEC letter did not affect COIN’s price. The stock continues to face downward pressure despite regulatory updates.

SEC Dropped Previous Lawsuit Against Coinbase

On February 27, 2025, the SEC dismissed a securities lawsuit against Coinbase Inc. and Coinbase Global Inc. The lawsuit had focused on potential violations of securities laws.

The dismissal happened under the new administration. Since January, the SEC has ended multiple investigations into crypto firms. The agency has not provided new guidance, but several cases were dropped without further explanation.

Coinbase had faced long-running legal issues with the SEC. The end of this financial disclosure review and the earlier lawsuit dismissal reduce the number of active regulatory matters.

Coinbase Financial Filings Met SEC Requirements

The SEC reviewed Coinbase’s Form 10-K reports for 2022 and 2023. These filings include data on revenue, operations, and risk management. Companies must file these reports annually to stay compliant with public company rules.

The SEC’s Division of Corporation Finance checks these documents for errors or missing information. If issues are found, the agency can request changes. In this case, no changes were needed.

The letter closed the review process. It did not offer any judgment about Coinbase’s overall business. It focused only on the accuracy of financial disclosures.