Coinbase falls after US SEC threatens to sue over some crypto products

By Manya Saini

Technology
Thursday, 23 Mar 2023
9:01 PM MYT

Related News

China 1d ago

Innovation drives nation and Hong Kong’s tech ambitions, says Hong Kong Science and Technology Parks Corporation chairman

Myanmar 16 Jun 2025

Myanmar and China discuss cooperation in science and technology development

Technology 19 Jun 2025

Apple eyes using AI to design its chips, technology executive says

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.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

~~RM13.90/month~~
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

~~RM12.33/month~~
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Topic:

Technology

Is this article useful?

Report a mistake

What is the issue about?

Spelling and grammatical error

Factually incorrect

Story is irrelevant

Email (optional)

Thank you for your report!

Next In Tech News

Others Also Read

INTERACTIVE: July and August are hot times for Chinese tourists to visit Malaysia

starplus12h ago

First it was the preppy 'Bila Nak Kahwin', elegant Amira Othman now returns with 'Dalam Sujudku', theme song for drama 'Dia Bukan Syurga'

Eric Dane, who famously bathed with 2 women, now appears tangled up with 3

Entertainment1h ago

Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWFZ	0.115	0.125	0.115	0.120	0.010	9.09	2,399,764
HSI-PWHC	0.105	0.105	0.090	0.095	-0.005	-5.00	1,881,695
HSI-CWEY	0.200	0.205	0.195	0.200	-0.015	-6.98	1,656,270
HSI-CWGB	0.175	0.175	0.160	0.165	-0.020	-10.81	961,688
HSI-CWGS	0.165	0.165	0.155	0.165	-0.005	-2.94	773,659
HSI-CWEZ	0.085	0.095	0.085	0.085	-0.015	-15.00	601,831
HSI-PWHT	0.090	0.090	0.080	0.080	-0.010	-11.11	601,375
TANCO	0.930	0.940	0.925	0.930	0.000	0.00	440,293
RL	0.220	0.230	0.195	0.205	-0.020	-8.89	379,674
YTL	2.150	2.280	2.140	2.270	0.130	6.07	362,190
GOCEAN	0.115	0.115	0.080	0.090	-0.025	-21.74	351,756
SNS	0.555	0.560	0.530	0.545	-0.015	-2.68	327,602
MYEG	0.935	0.945	0.930	0.940	0.005	0.53	326,017
TWL	0.030	0.030	0.025	0.030	0.005	20.00	322,804
ECOSHOP-CJ	0.095	0.100	0.095	0.095	0.000	0.00	294,024

Coinbase falls after US SEC threatens to sue over some crypto products