Bitcoiner Jack Dorsey Wants To Know If Coinbase's Investments A Factor In Token Listings — Armstrong Responds
Portfolio Pulse from Mehab Qureshi
Coinbase CEO Brian Armstrong clarified that the company's venture investments do not influence token listings on its platform, and most investments have been in startups rather than specific tokens. This comes after the SEC filed a lawsuit against Coinbase for operating as a securities exchange, broker-dealership, and clearing house without registering.
June 12, 2023 | 6:47 am
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Coinbase CEO Brian Armstrong clarified that venture investments do not influence token listings, amid an ongoing SEC lawsuit against the company.
The clarification by Armstrong may alleviate some concerns about the company's practices, but the ongoing SEC lawsuit remains a significant issue for investors. The lawsuit's outcome could have a more substantial impact on the stock price, making the short-term impact of this news neutral.
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