by: xpoolPosted on:

Coinbase Under SEC Probe Over User Metrics, Impacting Market Sentiment

The U.S. Securities and Exchange Commission (SEC) is investigating Coinbase’s reported user numbers, focusing on the discrepancies from its 2021 IPO filing. This probe stems from the Biden administration’s ongoing scrutiny of cryptocurrency exchanges and alleged overstating in investor disclosures. The investigation has significantly impacted market confidence and trading conditions for Coinbase, reflecting broader concerns about transparency and accuracy in reporting user data.

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