Coinbase Facing SEC Probe Over Cryptocurrency Listings

The video discusses the increasing regulatory scrutiny of the cryptocurrency industry by US regulators, focusing on Coinbase. Despite Coinbase's confidence in its diligence process, the SEC is investigating the company, particularly after it expanded its token offerings. Coinbase is seeking clarity from the SEC on trading rules, as it trades over 150 tokens. If found to have traded securities, Coinbase may need to register with the SEC as an exchange.

What has been the general trend among US regulators regarding the cryptocurrency industry?

• They have been indifferent to the industry.

• They have been reducing oversight.

• They have been increasing pressure for more oversight.

• They have been supportive of deregulation.

What is Coinbase's position on its diligence process?

• It admits to flaws in the process.

• It claims the process is designed to keep securities off the exchange.

• It believes the process is outdated.

• It has not commented on the process.

What action is the SEC reportedly taking against Coinbase?

• The SEC is probing Coinbase.

• The SEC is ignoring Coinbase.

• The SEC is investing in Coinbase.

• The SEC is partnering with Coinbase.

How many different tokens does Coinbase trade, according to the transcript?

• More than 50

• More than 100

• More than 150

• More than 200

What might Coinbase have to do if found to have traded securities?

• File register with the SEC as an exchange

• Close its operations

• Merge with another company

• Pay a fine