Coinbase Faces Potential SEC Lawsuit

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Bloomberg Markets and Finance published this video item, entitled “Coinbase Faces Potential SEC Lawsuit” – below is their description.

Sep.08 — There is a battle brewing between crypto-exchange Coinbase Inc. and the U.S. Securities and Exchange Commission. The regulator is threatening to sue Coinbase if it launches a new product that allows users to earn interest on the digital assets. Coinbase CEO Brian Armstrong is calling the SEC’s approach sketchy. Bloomberg’s Su Keenan reports on “Bloomberg Daybreak: Asia.”

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    Coinbase, Inc. (Nasdaq: COIN) is an American cryptocurrency exchange platform that operates remote-first without an official physical headquarters. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021, was the largest cryptocurrency exchange in the United States by trading volume. Coinbase IPO’d on the Nasdaq exchange on 14 April 2021, via a Direct Listing, they carry the stock ticker COIN.

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