Why did Coinbase stock fall again today

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Cryptocurrency exchange Coinbase Global shares fell on Tuesday

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Given now more than 80% of the peak

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

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

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

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

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

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

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

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