The lawsuit brought by the United States Securities and #Exchange Commission ( #SEC ) against Coinbase (NASDAQ:COIN) Global on June 6 is raising questions about the #crypto exchange's approach to managing the ongoing crypto crackdown.
In a recent interview with Cointelegraph, venture capitalist Kevin O'Leary criticized Coinbase's strategy to address the current regulatory environment. "Its market cap was decimated [by the SEC suit], and the management there seems to want to keep taking on the SEC over and over and over again," said the serial entrepreneur in reference to the 17.4% drop in Coinbase's stock last week. O'Leary continued: