Coinbase Stock Slips As Court Sides With US SEC In Document Seal

Coinbase stock has extended its bearish drawdown by 3% in the current trading session. This slump came following the twist in its lawsuit with the United States Securities and Exchange Commission (SEC). Judge Katherine Polk Failla sided with the regulator in a new ruling. While the win does not mean an end to the lawsuit, it has triggered a bearish switch with the firm’s investors as showcased in its stock price.