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You Won’t Believe What Coinbase Just Exposed About Crypto – 10,000+ Leaked Docs!

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Hold on to your digital wallets, folks—Coinbase has just dropped a surprise: over 10,000 previously hidden pages of government documents. Yes, you read that right. This isn’t your average Friday afternoon gossip, this is a deep dive into the secretive world of U.S. regulators and crypto.

From emails that read like a soap opera to memos that scream “We’ve got some explaining to do,” these aren’t just old scraps of paper. This is the smoking gun that proves what’s been going on behind the scenes. Forget the mystery—this is the real deal.

So, what’s in these top-secret files, and why were they hidden for so long? Grab some popcorn, because it’s about to get interesting.

So, What Exactly Do These Leaked Docs Reveal?

Coinbase’s Chief Legal Officer, Paul Grewal, couldn’t resist spilling the tea. These documents were sourced through a Freedom of Information Act (FOIA) request, targeting some of the biggest regulators like the SEC and FDIC. And boy, do they pack a punch.

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we’ve received in our ongoing FOIA campaigns with various government regulators – including 10,000+ pages of previously unpublished docs.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

— paulgrewal.eth (@iampaulgrewal) May 7, 2025

Paul was kind enough to point out that some of these docs include internal emails and legal memos—many of which had never seen the light of day. So, what’s inside? Well, buckle up.

One particularly juicy 2019 email from the SEC admits there’s a “regulatory gap” when it comes to crypto. Funny how they’ve been pretending there wasn’t one all these years, huh? Another 2023 email reveals a behind-the-scenes request from the New York Attorney General asking the SEC to call Ethereum a security, only for the SEC to conveniently ignore it. Oops. Oh, and there’s one more—an email about SEC staff unable to open a video file submitted by Coinbase due to IT issues. Talk about an internal meltdown!

From Pushback to Lawsuits – Coinbase Fights Back

Getting these documents wasn’t easy, though. Coinbase had to deal with delays, denials, and pages so redacted they looked like a toddler had been at the editing software. That’s when Coinbase decided to bring in a third-party FOIA expert, History Associates Inc., and eventually had to sue the government to get what they were legally entitled to.

Paul Grewal made it clear: this isn’t just about one company or crypto investors. This is about every American’s right to know what’s going on behind closed doors. If transparency were a sport, Coinbase would be the MVP right now.

Why Does This Matter? Let’s Break It Down

As the crypto space continues to explode, one thing’s becoming painfully obvious: we need clear rules. Coinbase’s message? We want clarity, not confusion. It’s time for the government to stop playing hide-and-seek with regulations and start doing their job.

Coinbase is making sure that these important conversations aren’t kept in the dark. Because when it comes to crypto, transparency is the key to building trust with millions of holders. And frankly, it’s about time.

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2025-05-12 07:45

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