On February 5th, COINOTAG reported that Coinbase has made significant strides in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). In a recent update, Coinbase’s Chief Legal Officer disclosed that the firm submitted a comprehensive status report related to its Freedom of Information Act (FOIA) lawsuit against the regulatory body. The report raises concerns that previous SEC officials conducted only a cursory examination for documents relevant to the inquiry into Ethereum 2.0, despite actively pursuing extensive regulations through subpoenas and legal actions. Coinbase is now urging the court to require the SEC to perform a meticulous search for these essential records, advocating for timely transparency in the regulatory process that affects the entire cryptocurrency sector.