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Coinbase SEC Probe Into Listed Tokens Has Crypto Traders Rattled

  • Assets plunged on Tuesday on agency probe into coin offerings
  • SEC calling nine tokens securities frustrated CFTC regulators
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Coinbase Facing SEC Probe Over Cryptocurrency Listings

The US Securities and Exchange Commission’s scrutiny of digital currencies that are listed on Coinbase Global Inc. is igniting concerns that a major crackdown for the rest of the industry is imminent.

Digital coins are headed for a losing week, dragged down by the revelation that the SEC has been investigating whether Coinbase shirked regulations by offering trading in certain tokens. Anxieties were already running high after the regulator took the unusual step of identifying several crypto assets that it considered to be securities as part of an insider trading case.