SEC Probes Coinbase User Count: Ongoing Investigation Raises Concerns

The US Securities and Exchange Commission (SEC) is continuing an investigation into Coinbase, despite recent dismissals of crypto-related lawsuits under the new administration. Though cases related to fraudulent activity have been dropped, sources report that Coinbase still faces scrutiny regarding its user count. The SEC is examining whether the exchange’s claims of over 100 million verified users are accurate, after they stopped promoting this figure in 2023 following a previous 2021 IPO statement.