Coinbase confirms user metric investigation, says it's working with Trump's SEC to resolve

Coinbase on Thursday confirmed the U.S. Securities and Exchange Commission has been investigating whether the crypto exchange has misstated its user numbers.The stock was last lower by 6%.The inquiry focuses on the number of "verified users" reported by the company, which it has claimed is more than 100 million in various securities filings and marketing materials, according to The New York Times, which first reported the story that sent the stock lower. The investigation began during the Biden administrati ...