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SEC’s Coinbase Complaint Sets Off Battle for Crypto’s Future
linkweb3
2023-06-07
2787
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Summary：The Securities and Exchange Commission sued Coinbase, the largest U.S. crypto platform, on Tuesday, a day after suing crypto exchange Binance. If the Securities and Exchange Commission is successful in its complaint against Coinbase Global, a swath of the crypto industry might have to change how it operates. Despite the wide-ranging complaint filed on Tuesday, Coinbase shares fell just 12% on the day, which is a large but not outsize move for the relatively volatile stock.
The Securities and Exchange Commission sued Coinbase, the largest U.S. crypto platform, on Tuesday, a day after suing crypto exchange Binance. If the Securities and Exchange Commission is successful in its complaint against Coinbase Global, a swath of the crypto industry might have to change how it operates. Despite the wide-ranging complaint filed on Tuesday, Coinbase shares fell just 12% on the day, which is a large but not outsize move for the relatively volatile stock.
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