Reported about 23 hours ago
The U.S. Commodity Futures Trading Commission (CFTC) is investigating Coinbase, the largest crypto exchange in America, due to its involvement with Polymarket, a cryptocurrency prediction market. Coinbase has been notifying customers about a subpoena for account information as Polymarket faces scrutiny after a previous settlement with the CFTC, which barred Americans from the platform. The investigation comes amidst growing speculation that the incoming Trump administration may shift regulatory authority over cryptocurrencies from the SEC to the CFTC.
Source: YAHOO