Coinbase Releases 10,000+ Hidden Pages Exposing Secret Government Actions on Crypto Regulations

Documents include private emails, internal memos, and evidence of a crypto regulatory gap.

Coinbase has dropped a bombshell, unveiling over 10,000 hidden pages of documents from U.S. regulators. These files offer a rare glimpse into the internal workings of the SEC, FDIC, and other agencies as they navigate the burgeoning crypto landscape.

This isn’t just paperwork; it’s a peek behind the curtain at private emails, internal memos, and the ongoing saga of a crypto regulatory gap that the SEC has often downplayed in public.

The documents, which were part of Coinbase’s ongoing Freedom of Information Act (FOIA) requests, are being shared with the crypto community.

What the Documents Reveal

Coinbase's Chief Legal Officer, Paul Grewal, shared that the documents were gathered through Freedom of Information Act (FOIA) requests made to key regulators like the SEC and FDIC.

Today @coinbase is launching sharing all the docs we've received in our ongoing FOIA campaigns with various government regulators – including 10,000+ pages of previously unpublished docs. Government transparency shouldn’t be a privilege. Among the early finds are: 1/3

Grewal also pointed out that the documents include internal emails and legal memos, many of which had never been made public before.

Meanwhile, one 2019 email from the SEC even admits to a “regulatory gap” around crypto, something the agency has often denied in public. Another 2023 message shows that the New York Attorney General asked the SEC to call Ethereum a security in a case against KuCoin, but the SEC didn’t follow through.

Another email shows how SEC staff couldn't open a video file submitted by Coinbase due to IT issues, hinting at deeper flaws in how crypto issues are even processed internally.

From Pushback to Lawsuits

Coinbase didn’t receive all this information easily. According to the company, many FOIA requests were met with delays, denials, and heavy redactions. That’s when Coinbase brought in a third-party FOIA expert, History Associates Inc., and even took legal action to force compliance.

Paul Grewal noted that this effort isn't just about one company or crypto investors; it's about the right of every American to know what the government is doing.

This matters because as the crypto space grows, so does the need for clear rules.

And Coinbase is making sure those conversations are brought up in front of millions of crypto holders, one where transparency leads the way.