(Updated - June 6, 2023 8:17 AM EDT)

The SEC sued Coinbase (NASDAQ: COIN) in federal court in New York on Tuesday, alleging the crypto firm broke US Securities rules, according to Bloomberg.

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Coinbase Global Inc. (COIN) called 'uninvestable' at Berenberg, Slashes Price TargetJune 8, 2023 6:22 AM Goldman Remains Negative on Coinbase (COIN), Remains Sell Rated, 'reinforces the high degree of regulatory uncertainty in the crypto ecosystem'June 6, 2023 10:47 AM Coinbase (COIN) sinks as SEC sues, alleges breach of US securities lawsJune 6, 2023 8:23 AM