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Coinbase Is Under SEC Scrutiny for Staking Programs

Cryptocurrency exchange Coinbase released its second-quarter earnings Tuesday and published its letter to shareholders. In its quarterly form 10-Q filing, US-based Coinbase disclosed that it is under the U.S. Securities and Exchange Commission’s (SEC) scrutiny over its staking programs that allow customers to earn rewards for holding cryptocurrencies. According to the filing, Coinbase “has received investigative subpoenas and …

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