BREAKING: SEC had dismissed the Coinbase case! However, a new Inquiry has emerged like a bomb! Here are the details.

According to the latest information, Coinbase, the largest cryptocurrency exchange in the US, received good news shortly after President Donald Trump took office: the Securities and Exchange Commission (SEC) had dismissed the case filed against the company for allegedly selling digital assets to the public illegally.

However, this development may not be the end of Coinbase's legal troubles.

According to four sources close to the issue, the SEC is investigating whether Coinbase misrepresented user numbers in its past public documents. The investigation, which began during the Biden administration, is also continuing during the Trump administration.

This investigation, which has not been previously disclosed to the public, focuses on the phrase "over 100 million verified users" that Coinbase included in its 2021 IPO documents and marketing materials. The company had stopped using this metric as of 2023.

According to two people close to the matter, Coinbase has been in communication with the SEC throughout this year and has engaged the law firm Davis Polk & Wardwell to prepare its defense.

A spokesperson from the SEC stated that they would not comment on the existence or absence of an investigation.

Coinbase's Chief Legal Officer Paul Grewal stated in his announcement that the investigation is related to a metric "that has not been reported for two and a half years from the previous administration." Grewal said, "We strongly believe that this investigation should not continue, but we are determined to work with the SEC to close this matter."

This investigation shows that despite the SEC's significant dismantling of its special crypto unit, oversight of the crypto sector in Washington has not completely come to an end.

Since Donald Trump took office in January, the SEC has withdrawn more than a dozen investigations and lawsuits against crypto firms, including the lawsuit filed against Coinbase in 2023. The new head of the SEC, Paul Atkins, is known as a crypto-friendly figure. It is also known that Donald Trump himself has been involved in several crypto ventures.