Cramer Says Shocked DoJ 'Avoided Going After Binance' After SEC's Coinbase Lawsuit
Portfolio Pulse from Shanthi Rexaline
Coinbase shares dropped 12% after the SEC filed a lawsuit against the cryptocurrency exchange, alleging violations of securities laws. CNBC's Jim Cramer expressed surprise that the Justice Department has not pursued Binance, which is also facing legal issues with the SEC.
June 07, 2023 | 12:42 pm
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Coinbase shares fell 12% following the SEC lawsuit alleging securities law violations. The company's future remains uncertain amid regulatory challenges.
The SEC lawsuit against Coinbase has led to a significant drop in the company's share price. The ongoing legal and regulatory challenges create uncertainty for the company's future, which may negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100