Coinbase updated its Individual User Agreement on April 19, 2026 to add Connecticut-specific disclosures about virtual currency risks. The new language warns that virtual currency is not government-backed or insured, transactions are irreversible, and the market value of cryptocurrency can decline to zero. The agreement also now explicitly describes fraudulent transaction schemes commonly associated with virtual currency.
The updated User Agreement now includes explicit disclosures about virtual currency risks that apply to Connecticut residents and other jurisdictions. These disclosures state that virtual currency is not government-backed or insured by the FDIC, NCUA, or SIPC; that transactions are irreversible and cannot be recovered if fraudulent or accidental; and that the value of virtual currency may decline to zero if market demand disappears. The agreement also describes common fraud schemes used to trick users into purchasing cryptocurrency. These disclosures do not create new restrictions on users but establish what Coinbase explicitly communicates about the nature and risks of cryptocurrency transactions.
The updated language establishes explicit risk disclosures that Connecticut regulations and similar state regimes likely require. These disclosures address irreversibility of transactions, absence of government protection, fraud risk, and market volatility, ensuring users understand fundamental characteristics of cryptocurrency before transacting. This change affects how Coinbase communicates the nature of its service and the risks users assume.
→ Users will proceed under the updated terms which now explicitly state that virtual currency transactions are irreversible and cannot be recovered if fraudulent or accidental.
→ Users will be subject to Coinbase's explicit disclosure that virtual currency is not government-backed or insured by the FDIC, NCUA, or SIPC.
ConductAtlas has recorded 2 material changes to this document over 43 days of monitoring (since March 2026). An additional minor or cosmetic changes were excluded.
Coinbase now explicitly warns that virtual currency is not government-insured, transactions are irreversible, and market value can decline to zero.
Agreement describes common fraud tactics including identity theft impersonation and threats used to trick users into purchasing cryptocurrency.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Coinbase now explicitly warns users that cryptocurrency is not government-protected, transactions cannot be reversed, and fraud is common.
Coinbase added Connecticut-specific virtual currency risk disclosures to its Individual User Agreement, likely responding to state regulatory requirements or guidance. The added language addresses irreversibility of transactions, lack of government insurance or protection, fraud risk, and market volatility. This appears to be a disclosure-driven change rather than a substantive modification of user rights or platform operations. Organizations using Coinbase should confirm these disclosures comply with applicable state money transmitter or virtual currency regulations in jurisdictions where they operate, particularly Connecticut and similar states with explicit disclosure regimes.
Connecticut virtual currency regulations; state money transmitter licensing requirements; FTC Act Section 5 (unfair or deceptive practices); state consumer protection statutes; potential FINRA guidance on cryptocurrency disclosures if applicable to Coinbase's operations.
Full compliance analysis
Obligation analysis, escalation trigger, board language, and recommended action.
Watcher: regulatory citations + obligations. Professional: full compliance memo.
ConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-001082.
See the full side-by-side comparison of every sentence added, removed, and modified.
🔒 Full diff — WatcherCoinbase removed references to Secured USDC (a digital asset holding mechanism tied to its One Card product) from its core …
Coinbase made five minor editorial corrections to its Privacy Policy on May 1, 2026. The changes include fixing a spelling …
Coinbase updated its User Agreement on May 1, 2026 to explicitly permit the transfer of digital assets to third parties …
Coinbase's User Agreement includes a mandatory arbitration clause that most users may not have reviewed. Here is what the clause states and…
Netflix updated its Privacy Statement on April 18, 2026, disclosing voice recording collection and expanded household ad profiling for the …
TikTok's data collection extends to device sensors, clipboard content, geolocation, and cross-site tracking. Here is what their Privacy Pol…
Get alerted when this policy changes again — including what changed and why it matters.
Prefer a weekly summary instead?
Get the biggest policy changes across 320+ platforms every Sunday.