Coinbase could face SEC enforcement action for «potential viol | DeCenter – Blockchain and Bitcoin

Coinbase could face SEC enforcement action for «potential violations of securities law»

Crypto exchange Coinbase said it has received a Wells notice from the United States Securities and Exchange Commission recommending the regulator take enforcement action.

In a March 22 blog post, Coinbase said the «legal threat» could potentially target the exchange’s staking program, Coinbase Earn; listed digital assets; its wallet; or Coinbase Prime services. A Wells notice letter typically warns a company that the SEC may follow with an enforcement action, but Coinbase provided no details other than «possible violations of securities laws.»

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