šØšŗšøSEC
#Probes CĆøinbase 2021 IPO User Data Claims
š¹SEC is
#investigating whether CĆøinbase inflated āverified userā figures during its 2021 IPO
š¹Metric once cited 100M+ users; dropped in 2023 due to lack of performance insight
š¹Investigation began under Biden, continues under Trump administration
š¹Follows SEC dismissal of earlier unlicensed broker case against Coinbase
š¹CEO Brian Armstrong also disclosed a data breach compromising customer KYC info
Source: The Block ā May 15, 2025
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