SEC sues Coinbase over exchange and staking programs, stock drops 14% pre-market

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Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference connected May 2, 2022. successful Beverly Hills, California.

Patrick T. Fallon | AFP | Getty Images

The Securities and Exchange Commission sued crypto speech Coinbase successful New York national tribunal connected Tuesday morning, alleging that the institution was acting arsenic an unregistered broker and speech and demanding that the institution beryllium "permanently restrained and enjoined" from continuing to bash so.

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