SEC Investigates Coinbase Verified User Claims

SEC Investigates Coinbase’s Discontinued ‘Verified User’ Metric

• The Securities and Exchange Commission (SEC) is investigating Coinbase.
• The focus is on the “verified user” metric, which has been discontinued.
• Coinbase cited over 100 million users in its filings until 2023.
• The investigation started under the Biden administration.
• The probe continues under President Trump’s SEC leadership.

The SEC is examining whether Coinbase misrepresented its “verified user” metric, which was reported to include over 100 million users in filings up to 2023. The investigation began during the Biden administration and persists under the current SEC leadership.