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SEC Is Probing Coinbase Over User Number Misstatement Concern

The investigation began under former SEC Chair Gary Gensler and has continued under the current administration, according to the NYT, which first reported the story.

Updated May 16, 2025, 11:43 a.m. Published May 15, 2025, 6:09 p.m.
Coinbase app on a mobile phone screen.
Coinbase confirms SEC probe (Justin Sullivan/Getty Images)