Coinbase says it strongly believes US SEC investigation should not continue

Reuters

Thu, May 15, 2025, 11:02 AM 1 min read

(Reuters) -Coinbase said connected Thursday it powerfully believes a regulatory probe by the U.S. securities regulator into its disclosures of monthly transacting users should not continue.

The connection follows a New York Times study that said the U.S. Securities and Exchange Commission is investigating whether Coinbase's idiosyncratic numbers successful past disclosures were accurate.

"This is simply a hold-over probe from the anterior medication astir a metric we stopped reporting 2 and a fractional years ago, which was afloat disclosed to the public," Paul Grewal, the crypto exchange's main ineligible officer, added successful an emailed connection to Reuters.

(Reporting by Pritam Biswas successful Bengaluru; Editing by Alan Barona)