According to persons with knowledge of the situation, Coinbase Global Inc. is under investigation by the US government to determine whether it inappropriately permitted Americans to trade digital assets that ought to have been registered as <a href="https://www.cryptoknowmics.com/news/coinbase-denies-listing-securities-on-platform-sec-claims-otherwise/" target="_blank" rel="noopener">securities</a>. The US Securities and Exchange Commission's (SEC) attention to Coinbase has intensified since the platform boosted the number of tokens in which it offers a trade. The SEC's investigation into an alleged insider trading scheme, which prompted the commission to sue a former Coinbase manager and two other individuals last week, precedes the enforcement unit's investigation into that matter.

In separate civil proceedings, the SEC said that Nikhil Wahi and another defendant, Sameer Ramani, had profitably marketed at most minuscule 25 crypto assets, nine of which it had designated as securities. When asked if the SEC would take action against Coinbase for listing the coins described as securities in the complaint, an SEC representative declined to comment. The <a href="https://www.bloomberg.com/news/articles/2022-07-26/coinbase-faces-sec-investigation-over-cryptocurrency-listings#xj4y7vzkg" target="_blank" rel="nofollow noopener">report</a> also cited two people: "the number of tokens in which Coinbase facilitates trading has increased since the platform grew."

https://twitter.com/coinbase/status/1551624138145636358
<h2>Increasing Calls for Crypto Regulation</h2>
As digital currencies have fallen from record highs, wiping out hundreds of billions of dollars in market value, the drumbeat in Washington for US regulators to do more to supervise crypto has grown louder.

Gary Gensler, the chair of the SEC, has focused on trading platforms and claimed they have to take more measures to safeguard individual investors. US citizens can trade more than 150 tokens on Coinbase, the largest US trading platform. The company might need to register as an exchange with the SEC if those products were deemed securities.

Coinbase Faces SEC Investigation Over Cryptocurrency Listings

Coinbase Global Inc. is under investigation by the SEC to find whether it inappropriately permitted the trade of digital assets registered as securities.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Coinbase Faces SEC Investigation Over Cryptocurrency Listings

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