SEC Threatened to Sue Coinbase Over Lending Product, CEO Says...

CoinDesk | 2021-09-08 12:52 UTC

Coinbase said it had been in discussions with the SEC over its program for almost six months. Despite these ongoing discussions, Coinbase says the SEC issued it a “Wells Notice,” in a blog post on Tuesday....Armstrong also said no reasoning for the threat of a potential lawsuit was given and questioned the SEC’s classification of its Lend product as a security by the regulator as “strange.”

By Anonymous Submission on 2021-09-08 12:52 UTC
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