Coinbase faces SEC scrutiny and market decline
TL;DR Summary
Coinbase's stock dropped by as much as 20% after the US Securities and Exchange Commission (SEC) issued a Wells notice to the crypto exchange, stating that it may be violating securities laws. The notice relates to aspects of Coinbase's spot market, staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet. The SEC has accused several crypto companies of selling unregistered securities in recent years, and Coinbase has until March 29 to respond to the agency's findings.
- Crypto Exchange Coinbase Shares Tumble 16% After SEC Enforcement Notice CoinDesk
- Coinbase Gets SEC Notice on Intent to Sue Over Offerings Bloomberg Television
- Coinbase warned by SEC of potential securities charges CNBC
- Coinbase: The cryptocurrency exchange warned by the SEC of potential securities charges CNBC Television
- Justices Appear Divided in Crypto Arbitration Dispute | National Law Journal Law.com
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