"You have my answer." The ongoing SEC investigation is a rare crypto-linked case that "began during the Biden administration and has continued" under President Donald Trump, the Times said.

(Reuters) -Coinbase said on Thursday it strongly believes a regulatory investigation by the U.S. securities regulator into its disclosures of monthly transacting users should not continue.

The investigation began during the Biden administration, which was famously hostile toward to the crypto industry, and has continued under the Trump administration's more crypto-friendly SEC.