FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) - Shares of Coinbase Global Inc fell 15% in afternoon trading on Thursday after the U.S. Securities and Exchange Commission threatened to sue the crypto exchange over certain products.
Global regulators are keeping a close watch on the crypto world after a string of high-profile collapses wiped out more than a trillion dollars from the digital assets industry's market capitalization last year.
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