According to The New York Times, the US Securities and Exchange Commission (SEC) is investigating whether Coinbase has falsely reported the number of users in its past disclosures. The investigation began during the Biden administration and continued after the Trump administration took office, focusing on the "verified user" data released by Coinbase before and after its 2021 listing. Previously, the SEC accused Coinbase of illegally promoting cryptocurrency in 2023, but the lawsuit was withdrawn after Trump took office. Currently, Coinbase has hired the law firm Davis Polk&Wardwell to assist with the investigation. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=42529