Cathie Wood’s ARK buys $21.6M Coinbase shares as SEC doubles down on crypto crackdown
Cathie Wood’s Ark Investment Management, the second-largest holder of Coinbase Global (COIN) stock, boosted its investment in the crypto exchange after the U.S. Securities and Exchange Commission sued the only publicly traded crypto exchange, causing a sharp fall in share prices. The SEC filed a lawsuit against the crypto exchange Coinbase on June 6, alleging…