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A host of headwinds around regulation and enforcement confront the troubled crypto exchange, making its future somewhat murky.
Coinbase has been in the news lately, with headlines that have given investors little to cheer about.
Victoria Vergolina
It’s safe to say that Coinbase has had a rough couple of months. The threat of federal regulation of some of its tokens has been looming for more than a year, but it’s really started heating up over the last few months. In late July, things got even worse. A former Coinbase product manager, his brother, and a friend were arrested by federal prosecutors on an insider-trading allegation. And the cherry on top? The fact that the Securities and Exchange Commission alleges Coinbase has been running an illegal securities exchange. To help us understand what’s at stake for Coinbase, and for all digita-currency users, Bloomberg Businessweek Columnist & tech reporter Max Chafkin joins this episode.
Omny Studio: Coinbase Implosion – Bloomberg Crypto
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