Coinbase (COIN) Stock Sinks After Bloomberg Report of SEC Investigation
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Goldman On Coinbase: Investors Likely Concerned Over Potential for Elevated Compliance Costs
July 27, 2022 12:17 PM EDTIn a note to investors Wednesday, Goldman Sachs analyst Will Nance provided commentary on Coinbase (NASDAQ: COIN) and the recent regulatory action in the cryptocurrency industry.
The note follows news the SEC and DOJ brought crypto-related insider trading charges against multiple people, including a former COIN product manager, who regulators believe passed along information about which crypto assets were going to be listed on the exchange.
While Coinbase has not been charged, reports indicate that the SEC is investigating the crypto exchange for listing... More
Goldman on Coinbase (COIN) Following Insider Trading: 'we believe investors will likely be concerned over the potential for elevated regulatory /compliance cost'
July 27, 2022 11:34 AM EDTGoldman Comments on Coinbase (NASDAQ: COIN).
Analyst Will Nance comments "The outcomes of the insider trading cases could have broad implications for the regulatory treatment of crypto. However, given the amount of uncertainty and general lack of agreement even among various... More
