Jump to
Main Blog Markets Coinbase executives sell shares ahead of SEC hearing

Coinbase executives sell shares ahead of SEC hearing

Pic 1

In light of an upcoming court hearing with the U.S. Securities and Exchange Commission (SEC), key figures at Coinbase, the leading cryptocurrency exchange, have decided to sell off a significant number of the company shares.

According to Dataroma, Coinbase SEO Brian Armstrong divested 74,325 of his shares on July 6. Additionally, Chief Legal Officer Paul Grewal, Chief Accounting Officer Jones Jennifer, and Director Gokul Rajaram collectively sold 13,733 shares. These transactions amounted to a total of $6.88 million.

Pic 2

The SEC filed a lawsuit against Coinbase on June 6, accusing the cryptocurrency platform of operating as an unregistered broker. The next court hearing for this case is scheduled for July 13.

Despite the looming legal battle, Coinbase shares (COIN) have demonstrated robust performance this year, more than doubling in value since the beginning of 2023. As of now, the stock price stands at $78.2 per share.

Maria Kachura
Maria Kachura

Visit her on Facebook or hit her up via Email.

0
Share this post
Similar articles
Best investment options for 2023
Markets
16 February, 2023
Best investment options for 2023
Let’s explore all the pros and cons of currencies, cryptocurrencies, stocks, real estate, and precious metals.
Cryptocurrency vs. token: what's the difference?
Learn
7 April, 2023
Cryptocurrency vs. token: what's the difference?
Let’s figure out what types of coins are there on the crypto market.
NFT NYC 2022!🌐🦄
Events
20 June, 2022
NFT NYC 2022!🌐🦄
NFT NYC 2022.
AIBC Americas 2022
Events
8 June, 2022
AIBC Americas 2022
AIBC Americas 2022.
ETH NEW YORK 2022 🌐🦄
Events
24 June, 2022
ETH NEW YORK 2022 🌐🦄
ETH NEW YORK 2022.
Blockchain Economy Istabbul Summit 2022
Events
9 June, 2022
Blockchain Economy Istabbul Summit 2022
Blockchain Economy Istanbul Summit.