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6.24895850692167E-05 0.000687385435760792 0.00429095150808211 0.00674887518746877 0.00987335444092653 0.00906515580736551 0.00749875020829866 0.00445800699883363
Stock impact report

Citron Calls Out Coinbase on Crypto Rules: Backs Securitize Instead [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Securitize was in the news late last year after securing a SPAC deal that valued the firm at $1.25Bn. The market reacted fast. Coinbase (COIN) shares fell about -6.4%, and this spat comes at a sensitive moment, with Washington rewriting crypto rules and Wall Street racing to put real-world assets on blockchains. (SOURCE: Yahoo Finance) While crypto-related stocks such as COIN and Robinhood (HOOD) were hit hard by the ongoing dispute, digital assets themselves haven't been affected just yet. The crypto market is down 1.5% over the past 24 hours but still holds above $3.3 trillion, with Bitcoin trading above $95,000, suggesting a small, organic pullback likely not tied to the Coinbase/Clarity Act drama. Citron Research, led by ‘activist short-seller' Andrew Left, accused Coinbase of opposing the Senate's draft CLARITY Act out of fear of competition. In simple terms, Citron claims Coinbase wants clear rules, but only if those rules protect its turf. The CLARITY Act aims to de Show less Read more
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