Coinbase Downgraded at Oppenheimer After Disclosing Possible SEC Charges
Oppenheimer’s Owen Lau pulled his outperform rating on Coinbase (COIN), downgrading to perform after the crypto exchange last night disclosed the receipt of a Wells notice from the U.S. Securities and Exchange Commission (SEC). Also noted by Lau was Tuesday’s Economic Report of the President, which was highly critical of the digital asset industry.
Coinbase CEO Sells Shares Prior to SEC Warning
Coinbase CEO Brian Armstrong sold Coinbase shares prior to receiving a warning from the Securities and Exchange Commission (SEC), according to data shared on Twitter by crypto sleuth, @theirish_man.
Coinbase (COIN) Price Tumbles After SEC Flags Potential Legal Probe
Coinbase Global Inc on March 22, 2023, got served with a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This suggests that the regulatory body is considering enforcement action against the crypto exchange. US SEC’s this action has led Coinbase shares (NASDAQ: COIN) price to decline in the after-hours trading.
Cointime News Wrapup-Afternoon Version: Tron’s Justin Sun Slams the US SEC After Lawsuit
Tron's Justin Sun said that the SEC's charges against him lacks merit and the SEC should work on getting clear regulatory guidelines.
Coinbase CEO on its Wells Notice: SEC is Like Soccer Referees in a Game of Pickleball
Brian Armstrong, the CEO and co-founder of crypto exchange Coinbase has compared the Securities and Exchange Commission (SEC) to “soccer refs” in a game of pickleball, criticizing U.S. regulators for not being able to “agree on the rules” of “this new game.” The comments came after Armstrong revealed that his firm had been issued a Wells Notice on March 22 — which he had noted “typically precedes an enforcement action." The Coinbase CEO has been critical about the seeming lack of clarity from United States regulators around crypto regulation. There has also been an ongoing debate on who should be the primary body regulating crypto. (Cointelegraph)
Bitcoin Price and Crypto Market Tank Over SEC’s Action on Coinbase
The SEC’s action on Coinbase has put pressure on the roaring crypto market. The Bitcoin (BTC) price is down by more than 3% and is currently trading at $27,395 and a market cap of $529 billion.
Coinbase Insiders Sell $7.4 Million in Company Stock, With CEO Brian Armstrong Leading the Way
Insiders at Coinbase, including CEO Brian Armstrong and other executives, have sold approximately $7.4 million worth of company stock over the past 30 days.
Coinbase Insiders Sell Over $7 Million in Company Stock, Including $5.8 Million by CEO Brian Armstrong
Armstrong sold $5.8 million worth of stock. The sales included 30,000 shares which were sold on March 21 for $2.24 million.
Crypto Community Divided as SEC Sends Wells Notice to Coinbase
The cryptocurrency community is in a state of flux over news of the US Securities and Exchange Commission's action against Coinbase.
Coinbase Receives ‘Wells Notice’ From SEC Over Listed Digital Assets, Faces Potential Enforcement Action
The Nasdaq-listed crypto platform emphasized that it does not list or offer any securities tokens or products on its platform.
