SEC Says Coinbase Has 'known All Along' That Digital Assets Bought And Sold On Its Platform Would Qualify As Securities
Portfolio Pulse from Benzinga Newsdesk
The U.S. Securities and Exchange Commission (SEC) has stated that Coinbase Global Inc. (COIN) has been aware that the digital assets traded on its platform could be classified as securities.
October 03, 2023 | 8:24 pm
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The SEC's statement could potentially lead to regulatory issues for Coinbase, impacting its operations and possibly its stock price.
The SEC's statement implies that Coinbase may have been operating in a regulatory gray area. This could lead to potential legal and regulatory issues for the company, which could negatively impact its operations and, consequently, its stock price.
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