Crypto News: Coinbase Price Shoots Amid SEC Case Filings

Also Read: Coinbase Launches “Stand With Crypto” NFT After Going Against SEC

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Coinbase Price Jumps Amid Legal Battle

Coinbase Global Inc (NASDAQ: COIN) price registered a surprising surge of over 4% in the pre-market. COIN price saw a jump of 2.08 points before the market opens. This implies that the investors are positive about the recent action taken by the exchange. COIN price closed trading at $55.55 yesterday.

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It is important to note that Coinbase (COIN) share prices have been on a decline over the past 6 months. NASDAQ: COIN price is down by almost 25%, while, it has registered a drop of 11% in the last 1 month. In the last 5 days, its price saw a drop of around 13%. Read More Crypto News Here…

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COIN pre market surge comes after the U.S. biggest crypto exchange went on to request the court to ask SEC to provide clear crypto rules. The exchange filed a petition for rulemaking with the commission in 2022. It sought answers to around 50 specific questions in order to provide “clarity and certainty” for regulatory treatment of crypto assets.

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