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News Explorer — Moody's Downgrades Coinbase Outlook Amid SEC Lawsuit

Generated by AI, curated by humans

Jun 9, 12:54 pm

Decrypt

Moody's Downgrades Coinbase Outlook Amid SEC Lawsuit

Moody's Investors Service changed its outlook on Coinbase (COIN) from stable to negative due to the SEC's lawsuit against the exchange. The potential regulatory actions that can be brought against Coinbase include interest and penalties, and a dramatic change to its product offering and business activities. Nevertheless, Moody's maintained its 2022 credit rating of Coinbase, citing its healthy liquidity position, cost cuts, and the SEC's charges being limited to certain tokens.

Moody's Investors Service changed its outlook on Coinbase (COIN) from stable to negative due to the SEC's lawsuit against the exchange. The potential regulatory actions that can be brought against Coinbase include interest and penalties, and a dramatic change to its product offering and business activities. Nevertheless, Moody's maintained its 2022 credit rating of Coinbase, citing its healthy liquidity position, cost cuts, and the SEC's charges being limited to certain tokens.

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