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SEC Investigates Coinbase for Potential User Metrics Misrepresentation
SEC Investigates Coinbase for Potential User Metrics Misrepresentation
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Regulators take aim at crypto’s golden child—because what’s finance without a little creative accounting?
The SEC has launched a probe into Coinbase following concerns over discrepancies in reported user numbers. Sources suggest the exchange may have overstated metrics to investors.
Active investigation targets key disclosures: Regulatory filings from 2023-2024 are under microscope as officials verify platform growth claims.
Market impact muted—for now: COIN shares dipped 3% on news, while Bitcoin barely blinked. Because when has regulatory scrutiny ever slowed down crypto’s bull run?
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