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Report: Coinbase faces SEC investigation over cryptocurrency list

Tuesday, July 26, 2022 11:03 AMMYT

New York, July 26-Coinbase Global Inc faces an investigation into whether the US Securities and Exchange Commission (SEC) is improperly trading digital assets that should be registered as securities with Americans. Bloomberg News reported yesterday.

The SEC’s executive investigation preceded the authorities’ investigation into the insider trading scheme, which was allegedly revealed last week, according to the report.

A US prosecutor in Manhattan last week charged a former Coinbase product manager and two others with wire fraud in the first insider trading case involving cryptocurrencies.

Coinbase’s oversight by the SEC has increased since the platform expanded the number of tokens it offers to trade, the report added, citing two sources.

Coinbase and the SEC did not immediately respond to Reuters’ request for comment. -Reuters

https://www.malaymail.com/news/money/2022/07/26/report-coinbase-faces-sec-probe-over-cryptocurrency-listings/19350 Report: Coinbase faces SEC investigation over cryptocurrency list

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