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Coinbase falls after US SEC threatens to sue over some crypto products
linkweb3
2023-03-23
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Summary：Global regulators are keeping a close watch on the crypto world after a string of high-profile collapses wiped out more than a trillion dollars from the digital assets industry's market capitalization last year. In the aftermath of the turmoil, the SEC has raised scrutiny over certain crypto services and how the companies hold customers deposits. Brokerage KBW analysts said in a note they had expected the SEC to serve Coinbase with a Wells notice and that the move will likely create an overhan
Global regulators are keeping a close watch on the crypto world after a string of high-profile collapses wiped out more than a trillion dollars from the digital assets industry's market capitalization last year. In the aftermath of the turmoil, the SEC has raised scrutiny over certain crypto services and how the companies hold customers deposits. Brokerage KBW analysts said in a note they had expected the SEC to serve Coinbase with a Wells notice and that the move will likely create an overhang on the crypto exchange's stock.
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