The United States Securities and Exchange Commission (SEC) recently finished a thorough examination of Coinbase’s financial disclosures following its initial public offering in April 2021. The SEC did not request any changes or corrections to the relevant documents.

Coinbase received approval from the SEC after the financial review, as mentioned by Paul Grewal, the Chief Legal Officer of Coinbase. Grewal shared the positive news in a post on X (formerly Twitter) on April 15. The completion of the review without requiring any changes signifies an important milestone for the cryptocurrency exchange.

Grewal's announcement included a formal letter from the SEC's Division of Corporation Finance confirming the completion of the review of Coinbase's financial filings for the years ending December 31, 2022, and December 31, 2023, contained in Form 10-K.

The SEC's letter also stressed Coinbase's responsibility to ensure the accuracy and sufficiency of its disclosures, indicating a high level of confidence in the company's financial practices, which could enhance institutional trust in the platform.

This positive development for Coinbase comes after a previous regulatory victory earlier in 2025 when the SEC dismissed a securities violation lawsuit against Coinbase Inc. and Coinbase Global Inc., reflecting a shift in the US regulatory environment.

Despite these regulatory successes, market challenges persist for Coinbase, as its stock COIN has faced a decline of 29.2% since the beginning of the year. The first quarter of 2025 marked the worst quarter for COIN since the fourth quarter of 2022.

This decline echoes broader market difficulties exacerbated by the economic consequences of tariffs under the current administration. On the latest trading day, COIN had dropped by 0.57%, and in pre-market trading, the stock fell further by 1.61%.