Coinbase (COIN) Shares Slump After SEC Files Suit Against Company

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Coinbase (COIN) Shares Slump After SEC Files Suit Against Company
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“The legal fight will be long and costly for Coinbase, but it might be difficult to argue and prove that they didn’t commingle and unlawfully offer exchange, broker-dealer, and clearinghouse functions,” Edward Moya, a senior markets analyst at Oanda, said.

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