SEC Continues coinbase investigation over “Verified Customers”: Report

SEC continues to explore coincases due to previous statements about its customer base, despite recent moves under the president of the log to return the CRIPTO execution, The New York Times reported.

Toward Four people meet thingsThe SEC Inquiry centers on Coinbase’s Past demands for more than 100 million “certified users”, expressed in their 2021. IPO file.

Questions about user number

Regulators examine whether this number may be misrepresented the scope of the user base of the company and seduced investors. Coinbase stopped quoting Metrics in 2023. years, admitting that he might have exaggerated unique users because individuals could register multiple orders.

Coinbase, which cooperates with Davis Polk & Wardwell law firm, says investigation started Under the administrative administration and should be closed.

The main legal officer Paul Graval called him “investigating” Alterther “and noticed that the company stopped metrics over two years ago, according to Nit.

However, the query reflects how some supervisory supervision has insisted Even as an agency, which is now led by the CRIPTO-Friendly chair Paul Atkins, has fallen numerous execution actions, including the main lawsuit against coinbase last year.

The investigation comes as a coin obtained by institutional skating. Company has been added To S & P 500 this week, and the whole Brian Armstrong becomes more and more visible in Washington.

In March, he attended a cryptomite of white house copy, sitting only a few places of President Trump. Coin Also revealed misdemeanor data This week it could cost up to $ 400 million, toward seconds submission.