SEC Says Coinbase Offers No Legal Support From Federal Securities Laws Or Relevant Case Law To Support Its Claim That Digital Transactions It Handled Were Not Securities
Portfolio Pulse from Benzinga Newsdesk
The Securities and Exchange Commission (SEC) has stated that Coinbase, a cryptocurrency exchange platform, has not provided any legal support from federal securities laws or relevant case law to back its claim that the digital transactions it handled were not securities.
October 03, 2023 | 8:24 pm
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The SEC's statement could potentially impact Coinbase's operations if it is determined that the digital transactions it handles are indeed securities. This could lead to stricter regulations and potential legal issues for the company.
If the SEC determines that the digital transactions handled by Coinbase are securities, the company could face stricter regulations and potential legal issues. This could negatively impact the company's operations and, consequently, its stock price.
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