Could you please elaborate on the question of whether Coinbase has violated US securities law? Are there specific allegations or investigations into Coinbase's activities that suggest a potential violation? How would such a violation impact Coinbase's operations, as well as the cryptocurrency and finance industries as a whole? Additionally, what steps could Coinbase take to ensure compliance with US securities law in the future?
6 answers
NebulaSoul
Tue Oct 01 2024
As a result of the lawsuit, Coinbase's shares have experienced a significant decline, falling by 12 percent.
AzrilTaufani
Tue Oct 01 2024
The lawsuit alleges that Coinbase violated key provisions of US securities law.
EclipseChaser
Tue Oct 01 2024
Specifically, Coinbase is accused of operating without the necessary registrations as a broker, national securities exchange, or clearing agency.
CoinPrince
Tue Oct 01 2024
The lack of these registrations is seen as a serious breach of regulations designed to protect investors and maintain market integrity.
DigitalDuke
Tue Oct 01 2024
The financial regulator has initiated legal action against Coinbase, a prominent
cryptocurrency exchange headquartered in San Francisco.