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The SEC is coming after Coinbase, but it may not be time to abandon ship.
Coinbase (COIN 5.68%) is facing a lawsuit from the U.S. Securities and Exchange Commission and falling revenue as cryptocurrency activity drops. So is it time to abandon the company, or is the long-term thesis still intact? Travis Hoium digs into what's happened in the video below.
*Stock prices used were end-of-day prices of June 9, 2023. The video was published on June 12, 2023.
Travis Hoium has positions in Coinbase Global. The Motley Fool has positions in and recommends Cardano and Coinbase Global. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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