Crypto exchange Coinbase is reportedly facing an SEC investigation over securities

July 26, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

Illustration by Alex Castro / The Verge

Cryptocurrency exchange Coinbase is reportedly facing an investigation from the US Securities and Exchange Commission (SEC) over whether it allowed users to trade unregistered securities, according to a report from Bloomberg. The SEC’s probe hasn’t yet been made public.

Sources close to the situation told Bloomberg that the SEC started taking a closer look at Coinbase’s practices after the exchange added over 100 additional tokens to its platform, including Dogecoin, the joke cryptocurrency based on the Shiba Inu meme. These types of coins typically do well after they’re first listed, but they’re very volatile, and their value typically evaporates over time.

This investigation is separate from the SEC’s case against former Coinbase…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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Crypto exchange Coinbase is reportedly facing an SEC investigation over securities

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