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28 September 2021

The SEC Is Threatening to Sue Coinbase | Live Bitcoin News

The SEC Is Threatening to Sue Coinbase | Live Bitcoin News


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According to the letter, the SEC has taken issue with the company’s new Lend program, which allows crypto owners to lend out their cryptocurrency and earn interest on their assets.

Coinbase claims it has contacted the SEC to claim that the Lend program does not fall under securities laws.

In a subsequent blog post, Paul Grewal – the company’s chief legal officer – claimed that sending the Wells letter was “sketchy behavior.” He also stated that the SEC is refusing to speak directly with Coinbase and is ignoring all its attempts to arouse debate and discussion.

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