A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/
July 25 (Reuters) - The U.S. Securities and Exchange Commission is investigating whether Coinbase Global Inc (COIN.O) improperly permitted Americans to trade digital assets that should have been registered as securities, Bloomberg News reported on Monday.
In an emailed response to Reuters, a Coinbase spokesperson said the company does not list securities on its platform.
The cryptocurrency platform has previously asked the SEC to develop rules that work for digital asset securities.
"We think there's a huge untapped market and the U.S. risks falling behind if the SEC doesn't engage in a transparent and public rulemaking process for digital asset securities," the spokesperson added.
The U.S. regulator did not immediately respond to Reuters' request for a comment on the Bloomberg report.
The probe by the SEC's enforcement unit predates...
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