US CFTC Issues Subpoena to Coinbase In Polymarket Case, What’s Happening?

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US CFTC Issues Subpoena to Coinbase In Polymarket Case, What’s Happening? - CoinGape

Quick Summary:

This comes as part of the US CFTC’s ongoing investigation into betting markets Polymarket thereby requiring Coinbase to provide specific information regarding customers involved in the case.

Commodity Futures Trading Commission (CFTC) has issued a fresh subpoena to crypto exchange Coinbase just days ahead of President Joe Biden leaving office.

Unlike the promises by Vice President Kamala Harris of a crypto pivot, the Democrats have continued with the crypto crackdown even in their last days in office.