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SEC spat with Coinbase previews complex legal battle over .
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The SEC has told us it wants to sue us . - blog.coinbase.com
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Coinbase Gets Wells Notice From The SEC Over Lend Program - Sygna
Indeed, Grewal wrote in a public blog that the SEC has issued Coinbase a so-called “Wells notice” that the agency intends to legally charge the company if it proceeds with plans to launch the Lend.
Coinbase, the cryptocurrency platform, has received a Wells Notice from the SEC regarding its lending program. At first blush it does not appear that the program, which allows customers to lend their currency is a security, but we have not seen the SEC’s files, so anything is possible.
By Paul Grewal, Chief Legal Officer Last Wednesday, after months of effort by Coinbase to engage productively, the SEC gave us what’s called a Wells notice about our planned Coinbase Lend program. A Wells notice is the official way a regulator tells a company that it intends to sue the company in court.
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Coinbase Gets Wells Notice From The SEC Over Lend Program - Sygna Coinbase, the US-based crypto exchange and Nasdaq-listed company, disclosed on 7 September 2021 that it has discontinued its Lend program after receiving a Wells Notice from the SEC.
Coinbase Responds to its Wells Notice - SECLaw.com
SEC Puts Coinbase on Notice Over Interest-Bearing Product
The U.S.’s biggest cryptocurrency exchange said it received a Wells notice saying the agency will bring an enforcement action if the company goes ahead with its Lend product. Coinbase expressed.
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Coinbase Gets Wells Notice From the SEC on Its Lend Product
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The U.S.’s biggest cryptocurrency exchange said it received a Wells notice saying the agency will bring an enforcement action if the company goes ahead with its Lend product. Coinbase expressed surprise at the SEC’s move, in a blog post, adding it plans to delay the launch at least until October. “The SEC has told us it wants to sue us over Lend.
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Sep 8, 2021 Cryptocurrency exchange Coinbase said that it has received a Wells Notice from the Securities and Exchange Commission threatening enforcement action should it launch a new product that allows account holders to earn interest on their digital assets.
Coinbase Gets Wells Notice From the SEC on Lend Product .
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Just when I thought I’d seen it all – and trust me, I’ve seen a lot – I discover that Coinbase claimed it had received a Wells Notice from the Securities and Exchange Commission (SEC) over the company’s desire to launch a crypto lending program called Lend. The company attempted to preempt the SEC by publishing an incredibly silly blog about it, and the company’s CEO took to Twitter to write a bizarre thread that he’ll surely come to regret.
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Coinbase Gets a Wells Notice - Doomberg
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