BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Coinbase Reveals CFTC Subpoena Tied to Crypto Exchange Bybit

by BlockNews.com Team
November 28, 2023
in BREAKING NEWS, BUSINESS, CRYPTO
Reading Time: 3 mins read
A A
#image_title

#image_title

2
SHARES
37
VIEWS
Share on XShare in TelegramShare on Reddit
  • Coinbase received a subpoena from the CFTC regarding crypto exchange Bybit, requesting information on certain customer accounts by November 30th.
  • This subpoena is the latest example of regulators like the CFTC ramping up oversight of the crypto industry through actions like compelling information via subpoenas.
  • The subpoena shows enforcement actions will likely persist as the crypto industry matures, even if it means companies like Coinbase sharing data on their own users.

Coinbase has received a subpoena from the Commodity Futures Trading Commission (CFTC) regarding crypto exchange Bybit, according to emails sent by Coinbase to some of its users. The subpoena requests information on certain customer accounts.

🚨 NEWS: Coinbase alerts users of subpoena from 🇺🇸 regulator regarding Bybit exchange.

Is Coinbase the fed's next target?

— BlockNews.com (@blocknewsdotcom) November 28, 2023

Details of the Subpoena

According to the emails received by Coinbase customers, the subpoena requests information to be sent to the CFTC by November 30th unless a motion is filed to quash it. The emails state that no action is required by the recipients, but that Coinbase may provide information about their accounts in response.

Regulator Scrutiny

This subpoena is the latest example of regulators like the CFTC ramping up oversight of the crypto industry. The CFTC has powers to compel information through subpoenas as part of its investigations. Laws also require Coinbase to collect certain information in response to legal requests.

Other crypto companies have also received subpoenas lately. The SEC sent one to PayPal regarding its USD stablecoin. Coinbase and Binance were both sued by the SEC earlier this year for allegedly operating illegally as exchanges.

Conclusion

The subpoena Coinbase received related to Bybit shows regulators are continuing to investigate potential wrongdoing or risks in the crypto space. As the industry matures, enforcement actions like these subpoenas are likely to persist. Companies like Coinbase are obliged to comply, even if it means sharing data on their own users.

Tags: BlockchainBusinesscryptoCrypto ExchangeWeb3
Tweet1ShareShare
Previous Post

Bitcoin Could Dump Post Spot ETF Approval and Here is Why

Next Post

Memecoin BONK Pumped 12% and Here is Why

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.