Why Did CFTC Subpoena Coinbase Now? ⚖️
The CFTC has subpoenaed Coinbase about the Polymarket case, which raises eyebrows in the crypto community due to its timing. This action comes as President Joe Biden's term is nearing its end, which adds to the intrigue surrounding regulatory scrutiny in the cryptocurrency sector. The subpoena may signal increased enforcement efforts by regulatory bodies against crypto exchanges. The broader implications for the crypto industry regarding this move by CFTC remain to be seen, but it underscores ongoing regulatory challenges.
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