Alabama Securities Commission Says Issues Show Cause Order To Crypto Asset Company Coinbase
Portfolio Pulse from Benzinga Newsdesk
The Alabama Securities Commission has issued a show cause order to crypto asset company Coinbase, requiring them to explain why they should not be penalized for allegedly violating securities laws.
June 06, 2023 | 1:57 pm
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Coinbase faces a show cause order from the Alabama Securities Commission, potentially leading to penalties for alleged securities law violations.
The news of a show cause order from the Alabama Securities Commission is negative for Coinbase (COIN) as it raises concerns about the company's compliance with securities laws. This could lead to penalties and reputational damage, potentially impacting the stock price in the short term.
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