SEC lawsuit sheds gentle on Coinbase's administration

The lawsuit introduced by america Securities and Change Fee (SEC) in opposition to Coinbase (NASDAQ:) International on June 6 is elevating questions in regards to the crypto trade’s strategy to managing the continuing crypto crackdown.

In a latest interview with Cointelegraph, enterprise capitalist Kevin O’Leary criticized Coinbase’s technique to handle the present regulatory surroundings. “Its market cap was decimated [by the SEC suit], and the administration there appears to wish to maintain taking up the SEC over and time and again,” stated the serial entrepreneur in reference to the 17.4% drop in Coinbase’s inventory final week. O’Leary continued:

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