Coinbase (COIN) Initiated at Hold Rating, Likely To Face Enforcement Action From SEC: Berenberg

At a minimal, these income sources seemingly can be focused by the SEC within the enforcement motion that we anticipate the fee to file quickly,” analyst Mark Palmer wrote, including that a few of Coinbase’s different income streams, corresponding to curiosity revenue from USD Coin (USDC) and custody, may “get caught up within the SEC’s crypto-industry dragnet within the close to future.”