SEC Also Says Coinbase's Staking Program Includes Five Stakeable Crypto Assets, Making The Staking Program An Investment Contract And Therefore A Security
Portfolio Pulse from Benzinga Newsdesk
The SEC has stated that Coinbase's staking program includes five stakeable crypto assets, classifying the program as an investment contract and therefore a security.
June 06, 2023 | 12:30 pm
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NEGATIVE IMPACT
Coinbase's staking program is classified as an investment contract and security by the SEC, potentially affecting the company's operations.
The SEC's classification of Coinbase's staking program as an investment contract and security may lead to increased regulatory scrutiny and potential changes in the company's operations. This could negatively impact Coinbase's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100