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AP National Business

Coinbase tumbles after SEC warns of securities violations

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Published 6:46 AM

By MICHELLE CHAPMAN
AP Business Writer

Coinbase’s stock is tumbling  after the cryptocurrency trading platform received a warning from the Securities and Exchange Commission that it could possibly face securities charges. The SEC said in a filing that a Wells notice was sent to Coinbase. The company was advised that a preliminary determination was made recommending that the SEC file an enforcement action against Coinbase for allegedly violating federal securities laws.

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