Stock Market News: SEC sues Coinbase, Apple shares slip, JPMorgan CEO on Capitol Hill

Symbol Price Change %Change
COIN $58.70 -5.84 -9.05

Coinbase shares tumbled along with some cryptocurrencies after the Securites and Exchange Commission disclosed it is suing the crypto exchange.

“Coinbase has never registered with the SEC as a broker, national securities exchange, or clearing agency, thus evading the disclosure regime that Congress has established for our securities markets. All the while, Coinbase has earned billions of dollars in revenues by, among other things, collecting transaction fees from investors whom Coinbase has deprived of the disclosures and protections that registration entails and thus exposed to significant risk.”

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Apple Inc.



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