US SEC Threatens to Sue Coinbase Over Crypto Products, Shares Drop 13 Percent
The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global over some of the crypto exchange’s products, turning up the heat on the largely unregulated sector. Shares of Coinbase dropped nearly 13 percent to $67.33 (roughly Rs. 5,500) in extended trading after the company said on Wednesday that the regulator had issued it a Wells … Read more