Source: Coinbase received a subpoena from the CFTC related to Bybit

[Informed sources: Coinbase received a subpoena from the CFTC related to Bybit] Golden Finance reported that The Block, citing people familiar with the matter, said that Coinbase sent an email to some customers saying that it had received a subpoena from the US regulator CFTC involving Bybit. Coinbase said in the email: "You do not need to take any action, but Coinbase can respond to the subpoena unless a motion to revoke or other objections to the subpoena filed with the court are served before November 30, 2023-including sending information about your Coinbase account to the Commodity Futures Trading Commission." According to its enforcement manual, the CFTC has certain powers to conduct investigations, including through voluntary statements and subpoenas. Coinbase said in an article in May that US law requires Coinbase to collect information, including matters involving subpoenas.