SEC sues Coinbase over exchange and staking programs, stock drops 12%
Publishing timestamp: 2023-06-06 12:22:50
Summary
The SEC sued Coinbase for allegedly operating as an unregistered exchange and broker, with 13 assets listed on its platform considered crypto asset securities. Shares closed down 12% after the lawsuit. Coinbase denies the allegations and argues for fair legislation for the digital asset industry.
Sentiment: NEGATIVE
Tickers: COIN, ADA.CM=, SOL.CM=,
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