Berenberg: Coinbase Earn Faces Significant Regulatory Challenges, Security Classification Risk

Coinbase’s “Earn” program is particularly vulnerable to regulatory action following the recent ruling in the case between Ripple and the US Securities and Exchange Commission (SEC), a report from investment firm Berenberg Capital has warned.
In the report, the firm said the risk for Coinbase is that Earn, a program where retail users can stake certain tokens in exchange for rewards, could fall under US securities laws….
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