24/7 Cryptocurrency News

Is Coinbase Probe The Last Chance For SEC To Save Itself? Official Comments

According to a report by Bloomberg, Coinbase came under the scan of the SEC since the platform increased the number of tokens for tradings.
Published by
Is Coinbase Probe The Last Chance For SEC To Save Itself? Official Comments

Recent probes launched by the U.S. Securities and Exchange Commission (SEC) have landed it under the scrutiny of the crypto industry leaders. Its latest inquiry over the Coinbase insider trading and calling nine listed digital assets a “Security” has raised everyone’s eyebrows.

Advertisement

Is SEC trying to score a win?

According to a report by Bloomberg, Coinbase came under the scan of the SEC since the platform increased the number of tokens for tradings. The platform offers its users over 150 tokens and if those products will be considered securities then Coinbase needs to get registered as an exchange.

Eleanor Terrett, a Fox Business journalist reported that an official close to the crypto exchange gave his comments over this investigation. She mentioned that this is a direct response to Congress’s increasing understanding that CFTC or other authorities can regulate this dynamic industry.

It added this is SEC’s last chance to take back control before the Lummis-Gillibrand crypto bill passes. However, there is a chance that Republicans take the office back. Meanwhile, Commission Chair Gary Gensler thinks to can get one big arrest or even one court win. This will help them to save their image and probably they can ditch CFTC from taking control.

Advertisement

Watchdog already involved in a legal battle

Coinbase has been in engaged clashes with the watchdog for making clearer rules for the industry. In a blog, it wrote that laws from the 1930s couldn’t predict crypto. This is the main reason why the exchange filed a petition against the commission to release security rules. New rules will help ease working with the security and will unlock new market possibilities for the traders.

Meanwhile, the SEC is already involved in the legal battle with Ripple over the nature of its native token, XRP. The Ripple lawsuit has proven to be a major landmark for the crypto industry. This will provide regulatory clarity over the categorization of tokens.

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Solana Treasury Company SOL Strategies Gets Approval To List On Nasdaq

SOL Strategies Inc. has received approval to be listed on the Nasdaq Global Select Market.…

September 6, 2025
  • 24/7 Cryptocurrency News

Fidelity, Grayscale, VanEck Dump Ethereum Amid ETH Price Crash

Ethereum (ETH) price fell sharply as Fidelity, Grayscale, and VanEck drove heavy ETF outflows, but…

September 6, 2025
  • 24/7 Cryptocurrency News

Ethereum Treasury Firm SharpLink Confirms Compliance Amid Nasdaq Oversight

SharpLink has reaffirmed its full compliance with Nasdaq rules, dismissing speculation about shareholder approval requirements.…

September 5, 2025
  • 24/7 Cryptocurrency News

Trump Media Acquires 684M CRO for Cronos Treasury, Strikes Deal with Crypto.com

A deal with Crypto.com has led to the establishment of a Cronos Treasury by the…

September 5, 2025
  • 24/7 Cryptocurrency News

SEC and CFTC To Host Roundtable To ‘Harmonize’ Regulatory Frameworks for Crypto

The SEC and CFTC have announced a roundtable as they move forward with plans to…

September 5, 2025
  • 24/7 Cryptocurrency News

Hyperliquid Announces Plans to Launch USDH Stablecoin, HYPE Price Climbs

Hyperliquid has stated that it plans to use a validator vote to roll out its…

September 5, 2025