Crypto market turmoil not finished yet, SEC's Gensler predicts [FOX Business Network]
Coinbase Global, Inc. - Class A (COIN)
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Source: FOX Business Network
WASHINGTON — Securities and Exchange Commission Chairman Gary Gensler said Wednesday he worries that more investors will be harmed in cryptocurrency markets, after this month's implosion of the stablecoin known as TerraUSD. "I think a lot of these tokens will fail," Gensler told reporters after a House Appropriations Committee panel hearing Wednesday. "I fear that in crypto…there's going to be a lot of people hurt, and that will undermine some of the confidence in markets and trust in markets writ large." Crypto markets have shed more than $1 trillion of value over the past six months as the Federal Reserve started to unwind its easy-money policies and regulators dialed up their attention regarding crypto. The selloff accelerated in early May after the central bank lifted interest rates. TerraUSD, a token whose price was supposed to remain pegged to the dollar, suddenly dropped, along with the coin that was meant to back it, known as Luna. BITCOIN EXPERT CALLS THE CRYPTOCURRENC
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COIN
Earnings
- 2/15/24 - Beat
COIN
Sec Filings
- 4/23/24 - Form 144
- 4/22/24 - Form 4
- 4/19/24 - Form 8-K
- COIN's page on the SEC website