Coinbase CEO Knew Court Battle Was Coming, Met With SEC Several Times But 'Just Got Silence'
Portfolio Pulse from Adam Eckert
The SEC is taking Coinbase Global Inc (NASDAQ:COIN) to court, claiming it operates as an unregistered national securities exchange. Coinbase CEO Brian Armstrong believes the regulators are mistaken and welcomes the opportunity to advance the crypto industry in the US.
June 07, 2023 | 4:52 pm
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Coinbase is facing a court battle with the SEC, which claims the company operates as an unregistered national securities exchange. This could impact Coinbase's stock price in the short term.
The SEC's legal action against Coinbase could negatively impact the company's stock price in the short term, as investors may be concerned about the potential consequences of the court battle. The outcome of the case could have significant implications for the crypto industry in the US, which may also affect Coinbase's business and stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100