CFTC Subpoenas Coinbase in Crypto Industry Scrutiny

The CFTC is currently examining Bybit for potential KYC violations

Simultaneously, Coinbase has also been subpoenaed by the CFTC for customer information

Coinbase will contest the subpoena in court, but there are chances that they may need to disclose certain customer data

This action points towards the CFTC's heightened attention to cryptocurrency industry regulation

Coinbase customers are expressing both confusion and dissatisfaction in response to the subpoena