Coinbase jumps nearly 24% after federal securities suit dismissed
Publishing timestamp: 2023-02-02 16:02:06
Summary
Coinbase shares surged after a Manhattan federal judge dismissed a class-action suit against the cryptocurrency exchange. The judge ruled that the plaintiffs had failed to establish their claims and that Coinbase's marketing efforts did not constitute solicitation. The ruling comes as the Securities and Exchange Commission Chair Gary Gensler aggressively pursues actions in the crypto space.
Sentiment: POSITIVE
Tickers: COIN,
Keywords: gary gensler, investment strategy, technology, coinbase global inc, fintech, cryptocurrency exchanges, sec, business news, cryptocurrency, court decisions,
Source: https://www.cnbc.com/2023/02/02/coinbase-stock-jumps-after-federal-securities-suit-dismissed.html