Coinbase (COIN) plunges after SEC files suit. Jeff Pierce discusses this as the suit alleges that COIN operates as an unregistered broker and exchange and clearing agency. The SEC noted that COIN "has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities." Jeff talks about how this suit comes one day after the Binance suit, where the SEC is suing Binance for allegedly violating U.S. securities laws. Tune in to find out more about the stock market today.
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