Why did Coinbase stock fall again today

Cryptocurrency exchange Coinbase Global shares fell on Tuesday

Given now more than 80% of the peak

However, much of the previous decline was due to volatility in the crypto currency space

Today's decline was caused by something potentially much more serious

At 10:30 a.m., Coinbase shares were down 15%

According to a Bloomberg report last night, the Securities and Exchange Commission (SEC) is investigating Coinbase

The focus of the investigation is the debate about what qualifies as securities and what qualifies as digital assets

Coinbase reserves the right to list and facilitate transactions involving digital assets, not securities

"This allegation has caused some controversy," the SEC said, adding that "many of the crypto assets in question are securities."