Coinbase gets regulatory notice for crypto accounting move that MarketWatch called out months ago - MarketWatch
1. Coinbase received a SEC comment letter regarding crypto accounting practices. 2. The letter follows a similar action against Marathon Digital Holdings. 3. Coinbase's accounting practices involve potentially misleading non-GAAP measures. 4. The SEC discourages tailored metrics that deviate from standard accounting practices. 5. COIN stock has declined 21% year-to-date, underperforming the S&P 500.