Coinbase gets a notice from US regulators on enforcement action due to alleged violations
<p>Coinbase discloses receipt of Wells Notice "alleging violations of the federal securities laws" related to "aspects of the Company’s spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet."</p><ul><li>ie, SEC notice formally declaring the regulator’s plans to bring an enforcement action against the largest US crypto exchange </li></ul><p>This will tarnish the crypto complex. Bitcoin dropped on Wednesday, US time, FOMC related 'twas said. Might have been some insider activity on this also. </p><p>Related - did anyone hear about the spruiker pumping BTC to $1m this week. I hope for the fools who listened that it didn't cost them too much. </p><p>The SEC is the U.S. Securities and Exchange Commission</p> This article was written by Eamonn Sheridan at www.forexlive.com.
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Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
