Coinbase has released over 10,000 pages of regulatory documents obtained via a Freedom of Information Act (FOIA) lawsuit. Chief Legal Officer Paul Grewal announced the release on X, highlighting key findings within the documents. SEC Acknowledges Crypto Regulatory Vacuum The documents reveal an internal acknowledgment within the SEC from 2019 regarding a "cryptocurrency regulatory vacuum." This admission underscores the ongoing debate about clear regulatory guidelines for digital assets in the US. NYAG Request on Ethereum's Security Status In 2023, the New York Attorney General reportedly requested the SEC to consider whether Ethereum should be classified as a security during a lawsuit involving KuCoin. This highlights the continued uncertainty surrounding the classification of various cryptocurrencies. SEC's Technical Difficulties with Coinbase's Response The released documents also indicate that the SEC encountered IT issues that prevented them from viewing Coinbase's video response to a Wells Notice in 2023. This raises questions about the SEC's ability to effectively process and consider information provided by crypto companies. Coinbase hopes that the release of these documents increases transparency, prompting constructive dialogue and clearer regulatory framework for the crypto industry. ```

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