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Coinbase Stock Is Sinking. A Court Just Ended the Party.

Por: MarketWatch Business August 01, 2023

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The ruling will likely breathe life into the crypto crackdown brought by SEC Chair Gary Gensler over the past year—and could spell trouble for firms such as Coinbase that are facing existential questions depending on how the court cases turn out. Coinbase stock is down 5.8% to $92.86 in Tuesday trading. The crux of the conflict involves in what circumstances crypto tokens should be considered securities. Securities fall under the remit of... + full article



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