Coinbase claps back at SEC proposal, chief exec targets Gary Gensler
Coinbase legal chief Paul Grewal sent a 23-page letter to the SEC explaining why its RIA proposal will harm the crypto industry.
Coinbase legal chief Paul Grewal sent a 23-page letter to the SEC explaining why its RIA proposal will harm the crypto industry.
Since late December, Coinbase insiders have sold more than 500K shares for just over $26 million while only 57K shares have been bought.
Armstrong says that Coinbase needs to reduce expenses to increase its chances of doing well in every scenario.
Brian Armstrong says he’s bullish on crypto, but eyebrows were raised when it was revealed he’s sold all of his Coinbase common stock.
According to an SEC filing, the cuts will leave Coinbase with around 5,000 remaining staff and will cost somewhere in the region of $40 million.