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Google Market NewsJun 08, 2023
Coinbase needs new CEO after SEC fail: Kevin O'Leary - Fox Business
Coinbase needs new CEO after SEC fail: Kevin O'Leary  Fox BusinessSEC's Gary Gensler Had Crypto in His Sights for Years. Now He's Suing Binance and Coinbase.  The Wall Street JournalWhat the SEC's Binance and Coinbase lawsuits mean for the future of crypto  Vox.comWhy crypto giants Binance and Coinbase have had a very rough week  MSNBCOp-ed: Why the SEC should stay away from crypto (Part I)  CryptoSlate

MarketWatch MarketPulseJun 08, 2023
: Moody's revises outlook on Coinbase to negative after SEC lawsuit
Moody's on Thursday changed its outlook on crypto exchange Coinbase Global Inc. COIN to "negative" from "stable" after the SEC this week charged the company with running an unregistered securities exchange. "The change in outlook to negative from stable reflects the uncertain magnitude of impact the SEC's charges will have on Coinbase's business model and cash flows," Moody's said in a statement. The credit-rating firm said it affirmed other ratings on Coinbase's debt, citing strong liquidity and cash-flow improvements as the exchange tightens up its expenses. Shares of Coinbase were down 0.5% after hours.

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