US cryptocurrency exchange COINBASE has reported it has received inquiries from the US Securities and Exchange Commission (SEC) about the company's current and future operations, customer programs and products.
According to the documents, the regulator is interested in the listing and asset classification processes, staking programs and stablecoins.
The platform has admitted that, in light of the "uncertainties inherent in these matters," the results of the investigations could have "a material adverse effect on the company's results of operations."
The company posted a net loss of $1.1 billion during the second quarter of the year.
In a letter to shareholders, the exchange has noted the SEC sent a voluntary disclosure request in May. The company has added it does not yet know whether the regulator's initiative will turn into an official investigation.
