SEC's Crypto Enforcement Unit: We're Coming For You All
Portfolio Pulse from Murtuza Merchant
The U.S. Securities and Exchange Commission (SEC) is intensifying its scrutiny of crypto platforms and decentralized finance (DeFi) entities, including Coinbase Global Inc. (NASDAQ:COIN) and Binance, for potential infringements of securities regulations. The SEC's Crypto Assets and Cyber Unit leader, David Hirsch, stated that the agency's concerns are not limited to prominent exchanges and that it will continue to bring charges against firms operating similarly to Coinbase and Binance.
September 19, 2023 | 10:06 pm
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The SEC's intensified scrutiny and potential legal actions against crypto platforms and DeFi entities could negatively impact Coinbase Global Inc.
The SEC's increased scrutiny and potential legal actions against crypto platforms and DeFi entities, including Coinbase, could lead to legal challenges, fines, or operational changes for the company, which could negatively impact its stock price.
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