In a recent development that has caught the attention of the cryptocurrency world, Coinbase, the largest crypto exchange in the United States, has been drawn into a regulatory investigation involving another major digital asset trading platform, Bybit. This situation underscores the increasing scrutiny of crypto exchanges from regulatory bodies.
CFTC Subpoena Issued to Coinbase Users
Coinbase has notified a segment of its users about a subpoena received from the Commodity Futures Trading Commission (CFTC). This subpoena is part of the CFTC’s investigation into Bybit, a Dubai-based cryptocurrency exchange. Users took to social media to share the notice, which explained Coinbase’s obligation to comply with U.S. laws by possibly providing specific account information and transaction histories.
The email to customers emphasized that no immediate action is required on their part. However, Coinbase may have to submit the requested information to the CFTC unless a legal objection or a mot
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