Coinbase "may be compelled" to submit user account data to CFTC

According to Coinbase's statement, no action is required from users, but Coinbase "may be compelled" to submit certain information related to users' accounts to the CFTC in response to the subpoena.

The subpoena may be complied with unless Coinbase is "formally notified prior to the close of business on January 15, 2025, with a motion to quash or other legal filing that would prevent Coinbase from sharing this information," the notice added.