Shares of Coinbase (COIN) are trading lower after a judge ruled that the Securities and Exchange Commission (SEC) can proceed with its lawsuit against the cryptocurrency exchange. The SEC alleges that Coinbase violates federal securities laws and claims that the Coinbase wallet operates as an unregistered brokerage. Yahoo Finance's Jennifer Schonberger breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
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