Shares have extending losses since yesterday after the crypto exchange received a notice from the SEC declaring the securities regulator's enforcement action against the company for alleged violation of securities laws.
A Jefferies note called the SEC's Wells notice "an ominous sign" and estimated that an SEC enforcement action against the company can put ~35% of Coinbase's (COIN) net revenue at risk.

Help support my channel and get private uploads every Sunday, and private livestreams throughout the week!   / ownthechaos  

Click here to sign up with WeBull and get 2 FREE Stocks: https://www.webull.com/activity?invit...

Join this channel to get access to my portfolio and discord group:
   / @powerzonetrading  

If you guys enjoyed the video, please hit the LIKE button and make sure to SUBSCRIBE for more videos like this! Thanks again!

DISCLAIMER: All of Own The Chaos Views and opinions, our trades, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. We are not a financial advisors and anything that we say on this YouTube channel should not be seen as financial advice. We are only sharing our biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.