The SEC's oversight of Coinbase has continued even after the agency, under President Trump, disbanded its crypto unit and dropped multiple enforcement actions targeting other firms

Quotes that support claims

Still, the inquiry reflects how some SEC oversight has persisted even as the agency, now led by crypto-friendly Chair Paul Atkins, has dropped numerous enforcement actions

Since Mr. Trump took office in January, the S.E.C. has dropped more than a dozen lawsuits and investigations targeting crypto firms, including the case it filed against Coinbase in 2023

The investigation into Coinbase shows that enforcement efforts on the crypto world have not entirely ceased in Washington, even after the S.E.C. largely disbanded its specialized crypto unit