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ZyCrypto 2023-06-08 18:08:05

Ark Invest Remains Bullish on Coinbase, Acquires Shares Amid SEC Allegations

ARK Invest, Cathie Wood’s investment firm, acquired additional shares of the cryptocurrency exchange Coinbase, valued at over $21 million, despite ongoing accusations by the U.S. Securities and Exchange Commission (SEC). ARK Invest’s decision comes one day after the SEC sued Coinbase, accusing it of operating as a national securities exchange and an unregistered broker. ARK

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