Why the World's Smartest Investors Are Selling This Crypto Stock

·3 min read

As cryptocurrencies rise in popularity, the Securities and Exchange Commission (SEC) faces a new battle to determine its reach and jurisdiction over the new asset class. In its latest confrontation with the crypto market, the SEC will be evaluating whether Coinbase (NASDAQ: COIN) listed cryptocurrencies that technically met the criteria of being a security. If so, it would mean Coinbase could face fines and possibly even a hit to its business model.