Coinbase’s (COIN) Chief Legal Officer Paul Grewal is quoted by Reuters as having stated that the reported SEC investigation is a hold-over from prior administration about a “metric we stopped reporting 2.5 years ago,” the verified users metric, which includes anyone who verified their email address or phone number with the company. Coinbase “strongly believes” the SEC investigation should not continue and remains “committed to working to bring the matter to a close,” the Chief Legal Officer is quoted as having said.
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