SEC sues Coinbase
Crypto exchange platform Coinbase is being sued by the Securities and Exchange Commission for allegedly operating as an unregistered securities exchange. Yahoo Finance caught up with various experts, analysts, and reporters to discuss the impact on the crypto market.
Yahoo Finance's Jennifer Schonberger broke down the SEC's allegations against Coinbase. Schonberger said, "The SEC is suing Coinbase this morning in the Southern District of New York for failing to register its trading platform with the agency alleging that it was an unregistered National Securities Exchange broker and clearing agency."
Mark Palmer, Berenberg Capital Markets Senior Equity Research Analyst – Fintech and Digital Assets, discussed the implications of the lawsuit and whether Coinbase (COIN) may be able to pivot its operations overseas. Palmer said, "That really is one of the big questions now with regard to Coinbase, is will it be able to pivot overseas? In the first quarter, the US represented about 86% of Coinbase's net revenue. That is not an easy pivot to execute."
Delta Blockchain Fund General Partner Kavita Gupta discussed the questions digital asset holders have around crypto regulation. Gupta said, "What are actually securities and not securities? And does the SEC actually create a pathway and say this is how it should work?"
Yahoo Finance legal reporter Alexis Keenan explained the SEC's suit against Coinbase in detail. Keenan said, "The agency says it's acting as a broker, an exchange, a clearing agency, and also a seller of securities. They say as a result, Coinbase is then evading disclosure laws that were specifically set up to protect consumers by Congress."
Yahoo Finance markets reporter Jared Blikre took a look at the market reaction and what it could mean for the crypto industry. Blikre said, "The bottom line here is if the SEC doesn't completely shut down Binance and Coinbase, then it's probably not going to derail crypto."
Video highlights:
00:00:03 - Yahoo Finance's Jennifer Schonberger
00:00:31 - Yahoo Finance markets reporter Jared Blikre
00:00:45 - Mark Palmer, Berenberg Capital Markets Senior Equity Research Analyst – Fintech and Digital Assets
00:01:17 - Delta Blockchain Fund General Partner Kavita Gupta
00:01:25 - Yahoo Finance legal reporter Alexis Keenan
00:01:45 - Yahoo Finance markets reporter Jared Blikre
相關影片推薦
- 1:582024環球小姐取消年齡上限 阿根廷60歲佳麗驚歎出線 爭取為國爭光Yahoo奇摩(國際通)21,757 次觀看・11 小時前
- 1:26女長期睡機場又大鬧國門 不聽勸阻遭警驅離東森新聞影音310,352 次觀看・1 天前
- 1:45男跳上銀行櫃檯咆哮 情緒失控喊:要搶回我的錢東森新聞影音32,746 次觀看・8 小時前
- 1:39世界第一台獲認證飛行車AirCar 喜迎首名乘客 將在中國生產 售價1629萬起Yahoo奇摩(國際通)8,173 次觀看・8 小時前
- 1:46百年米粉廠食安出包 炊粉遭控藏「老鼠屎」.業者:異物疏失華視影音10,131 次觀看・10 小時前
- 2:42一分鐘報天氣 / 週六 (04/27) 鋒面系統影響 持續短暫陣雨或雷雨 留意局部較大雨勢發生Yahoo奇摩新聞(報氣象)3,066 次觀看・7 小時前
- 1:26婚後婆媳相處狀況曝光 林志玲:我是灰姑娘|#鏡新聞鏡新聞80,997 次觀看・1 天前
- 1:54巴黎奧運倒數 戴高樂機場曝「行李工廠」占地逾3千坪、處理11萬件運動員行李Yahoo奇摩(國際通)9,729 次觀看・8 小時前
- 2:01蹭危老末班車熱度? 板橋48年透天開價1 5億天價東森新聞影音28,427 次觀看・8 小時前
- 1:02最狂捐血禮!捐500cc送「黃金媽祖」 吸民眾排隊捐血華視影音33,611 次觀看・10 小時前
熱門必看
- 12:45心理測驗:你愛上同性的機率?唐老師一時口誤節目差點變18禁!?Ep.215-2唐綺陽談星室31,596 次觀看・3 天前
- 14:25昏暗老公寓化身質感美宅 空間感、採光起死回生簡直魔法Yahoo創作摩人7,357 次觀看・2 天前
- 0:18傳承老一輩甜品作法,最純粹的美味!板橋Edenx食旅23,035 次觀看・3 天前
- 16:22『橫濱一日遊』帥爆!見鋼彈最後一面!人也排到爆的橫濱家系拉麵!生日圓夢之旅最終章!戴妮塔 Nita & Dai's Daily4,898 次觀看・16 小時前
- 31:57【日本自由行】大阪→廣島5天4夜完整攻略🤩萬博紀念公園、姬路城、嚴島神社、和平紀念公園、廣島紙鶴塔、岡山倉敷美觀、大倉酒店、八天堂|日本旅遊・Japan 4K vlog吉田社長交朋友15,571 次觀看・4 天前