The SEC issued crypto exchange Coinbase a Wells notice, warning the exchange that it identified potential violations of U.S. securities law.
Rafael Henrique | SOPA Images | Lightrocket | Getty Imagesa Wells notice, warning the company that it identified potential violations of U.S. securities law."Based on discussions with the Staff, the Company believes these potential enforcement actions would relate to aspects of the Company's spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet," Coinbase said in a regulatory filing.
A Wells notice is typically one of the final steps before the SEC formally issues charges. It generally lays out the framework of the regulatory argument and offers the potentially accused an opportunity to rebut the SEC's claims.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase submits petition to explain to SEC that staking is not securitiesCoinbase reminds the regulators about the significant economic consequences of their actions and urges them to take a different approach to the treatment of crypto staking services.
Read more »
Coinbase Looks At Separate, Overseas Crypto Trading Platform | CoinMarketCapThe reported site would be a way for Coinbase to hedge its bets against a coming onslaught of crypto regulation that could prove very unfriendly indeed.
Read more »
Coinbase halts support for Signature Bank's digital payments platformCryptocurrency exchange Coinbase Global Inc said on Monday it has stopped support for Signature Bank's digital payments platform Signet, more than a week after U.S. regulators took control of the bank.
Read more »
Coinbase Heads to the Supreme Court in First Crypto CaseThe nation's highest court will hear arguments on Tuesday over whether the crypto exchange Coinbase is allowed to force customers into arbitration.
Read more »
Crypto Goes to Supreme Court for the First Time With Coinbase DisputeThe U.S. Supreme Court will hear arguments in its first-ever crypto-related case on Tuesday when lawyers for Coinbase will attempt to convince the nine Justices to pause a pair of class-action lawsuits against the crypto exchange. CoinDesk's regulatory reporter Cheyenne Ligon weighs in on its significance to the crypto industry.
Read more »
Coinbase’s stock is set for its longest winning streak on recordAfter a crypto winter that has lasted for months, shares of crypto exchange Coinbase Global Inc. have gotten a break this year.
Read more »