Coinbase Global Inc.’s Chief Legal Officer stated that the ongoing Securities and Exchange Commission (SEC) investigation is a remnant from the previous administration. The inquiry pertains to a user metric that Coinbase ceased reporting approximately two and a half years ago. This metric, referred to as the “verified users” metric, included anyone who had verified their email address or phone number with Coinbase. The legal head expressed a strong belief that the SEC investigation should not continue and emphasized Coinbase’s commitment to resolving the matter promptly.
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Source: https://thedefiant.io/news/cefi/coinbase-legal-officer-says-sec-investigation-over-verified-users-metric-stopped-bc092c09