.coinbase stock opened fell about 16% following its disclosure that the SECGov alleged the exchange may be violating securities laws. By JamieCrawleyCD
in early Nasdaq trading - before paring some of the losses on Thursday, after its disclosure that the U.S. Securities and Exchange Commission said the crypto exchange may be violating securities laws.issued Coinbase a Wells notice,
which informs businesses that it is planning future enforcement action against them. Coinbase said in a filing with the SEC that it believes any action"would relate to aspects of the company’s spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet."
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