Coinbase reportedly told customers that it may have to share data demanded by the Commodity Futures Trading Commission (CFTC).
The regulator has sent a subpoena to the firm that seeks information about Coinbase customers’ interactions with prediction market firm Polymarket, CoinDesk reported Thursday (Jan. 9), citing unnamed sources.
Coinbase has emailed some customers saying it may have to share that data with the CFTC, according to the report.
A Coinbase spokesperson said in the report: “When we receive requests for information from a government, each request is carefully reviewed by a team of trained experts using established procedures to determine its legal sufficiency. Where necessary, we will seek to narrow requests that are overly broad or vague in order to provide a more appropriately tailored response, and in some cases we object to producing any information at all.”
The CFTC subpoena is part of a lengthy…
