Coinbase has received a subpoena from the U.S. Commodity Futures Trading Commission (CFTC) requesting information about its users’ accounts and transaction activity. The email sent to Coinbase users does not provide details about the investigation, but there are suggestions that it may be related to Bybit, a rival platform. Bybit is a cryptocurrency exchange based in Dubai and has not served restricted markets like the U.K. and the U.S. This subpoena is part of ongoing regulatory actions against crypto-related firms in the U.S.
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