SEC Says The Crypto Assets That Coinbase Makes Available On Its Platform Put Coinbase's Operations Squarely Within The Purview Of The Securities Laws
Portfolio Pulse from Benzinga Newsdesk
The SEC has stated that the crypto assets offered on Coinbase's platform place the company's operations under the purview of securities laws, according to Reuters.
June 06, 2023 | 12:23 pm
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Coinbase's operations are under the purview of securities laws due to the crypto assets offered on its platform, as stated by the SEC.
The SEC's statement implies that Coinbase may face increased regulatory scrutiny and potential legal issues. This could negatively impact the company's stock price in the short term as investors may perceive this as a risk to the company's operations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100