Welcome to the Tech Meme Right Home for Tuesday, July 26, 2022. I'm Brian McCullough.

Today is the SEC about to crack down on coin base. Why is Kylie Jenner mad at Instagram? Why are all the big

tech companies mad at the leap second of all things and a deep dive look at what Amazon

probably wants to do with its big health care acquisition. Here's what you

miss today in the world of tech.

Again, is there a coin base risk for the broader crypto ecosystem?

Sources are telling Bloomberg that before its probe into an alleged insider trading scheme, the SEC also started investigating

whether or not coin base improperly let Americans trade digital assets on their platform. Quote,

coin-based global is facing a U.S. probe into whether it improperly let Americans trade digital

assets that should have been registered as securities, according to three people familiar with the matter.

The U.S. Securities and Exchange Commission's scrutiny of according to three people familiar with the matter.

The U.S. Securities and Exchange Commission's scrutiny of Coinbase has increased since

the platform expanded the number of tokens in which it offers trading, said two of the people

who asked not to be named because the inquiry hasn't been disclosed publicly.

The probe by the SEC's Enforcement Unit predates the agency's investigation into an alleged insider trading scheme that led the regulator last week

to sue a former coin-based manager and two other

people.

Coin-based shares fell as much as 4.8% in pre-market trading on Tuesday.

The stock had lost almost three quarters of its value this year.

As the largest U.S. trading platform, Coinbase lets Americans trade more than 150 tokens.

If those products were deemed securities, the firm could need to register as an exchange with the SEC.

To decide if a digital asset is a security, the SEC applies a legal test which comes from a

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