Stock prices dropping as a result of regulatory activity, such as the SEC’s proceeding against Coinbase, are often used as a template for private claims of alleged damages from investors.
the exchange met with the SEC over 30 times in the past year without receiving any feedback on a path to compliance.Stock prices dropping due to regulatory activity, such as the SEC’s proceeding against Coinbase, are often used as a template for private claims of alleged damages, as long as it carries materiality of misleading statements or omissions, Mark Kornfeld, a securities and regulatory attorney, told Cointelegraph.
"If it [token's listing analysis] is not adequate, and management knew that, or was reckless in not knowing it, there may be a federal securities law claim against Coinbase and its management," Chase continued.
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