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It's not a mystery why high-tech innovation investor Cathie Wood is such a big fan of Bitcoin.
Crypto stocks have remained on edge in the past few weeks as Bitcoin and other altcoins have pulled back. Bitcoin price has retreated by over 10% from its all-time high, triggering a bigger sell-off on other altcoins.
On today's Asking for a Trend, host Julie Hyman outlines the trading day's top stories and explores current market trends. Chen Zhao, head of economic research at Redfin, joins the show to discuss January's existing home sales data and its implications for the housing market, highlighting that buyers now have more opportunities than they might think.
Coinbase CEO Brian Armstrong on SEC dismissing litigation and stock rallying on the news.
Coinbase on Friday said the SEC has agreed to drop the lawsuit against the company with prejudice, meaning it cannot be filed again.
CNBC's MacKenzie Sigalos joins 'Closing Bell' to report on the sell-off in the crypto market and fintech stocks.
"We've had to spend over $50 million just on outside law firms and other advisors alone. That doesn't even include the cost internally.
Coinbase's Chief Legal Officer Paul Grewal says the company has money to “double down” on innovations, now that the Securities and Exchange Commission has agreed to drop its lawsuit that alleged Coinbase ran an illegal exchange. He spoke with Sonali Basak on "Bloomberg Technology".
The dismissal underscores the Trump administration's nod to a promising crypto environment.
Coinbase said Friday (Feb. 21) that Securities and Exchange Commission (SEC) staff have agreed in principle to dismiss the agency's enforcement case against the cryptocurrency company, subject to commissioner approval.