Crypto exchange Coinbase threatened with legal action by SEC

James Baxter-Derrington
clock • 1 min read
Crypto exchange Coinbase threatened with legal action by SEC

Cryptocurrency exchange Coinbase is facing legal action from the regulator, as the US Securities and Exchange Committee warned the firm it will sue if a proposed lending product is launched. In a blog post, Coinbase's chief legal officer Paul Grewal said the firm had received a Wells notice from the regulator, stating it would pursue legal action against it if a yield product called Lend was brought to market. The issue stems from whether or not Lend, which is intended to allow users to...

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